Which of These Statements About Divisions and Departments Within a Company

question 13

Multiple Choice

Which of these statements about divisions and departments within a company is true?

• A) Small and mid-size organizations may only have divisions.
• B) Divisions generally are smaller than departments.
• C) Divisions are typically used in large organizations and are usually subdivided into departments.
• D) Communication occurs more frequently in divisions than departments.

---

Definitions:

Yearly Savings Rate

The percentage of one's income that is saved annually, often used in personal financial planning.

FOB Shipping Point

A term used in shipping contracts to indicate that a buyer must pay for the shipping costs and is responsible for the goods once they leave the seller's premises.

FOB Destination

FOB Destination is a shipping term indicating that the seller retains ownership and liability of goods until they are delivered to the buyer's specified location, at which point the buyer assumes responsibility.

Title Passage

The point in time when the ownership (title) of goods passes from seller to buyer as per the terms of the sales contract.