Functional Departments

question 94

Multiple Choice

Functional departments:

• A)create horizontal boundaries.
• B)stifle interactions between functions,product lines,units.
• C)Both A and B.
• D)Neither A or B.

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Definitions:

Asset Decrease

A reduction in the value or quantity of an asset, which can affect a company's balance sheet and overall financial health.

Asset Increase

An increase in the economic value or utility that an asset brings to a company.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owner's claim against the company's assets.

Withdrawals

Funds drawn from the enterprise by its proprietors for their personal needs.