Which of the Following Is True of a Typical Functional

question 19

Multiple Choice

Which of the following is true of a typical functional organization

• A) It eliminates duplication of resources.
• B) It makes communication across the organization easier and smooth.
• C) A project cuts across organizational boundaries in a typical functional organization.
• D) Team members are assigned exclusively to projects in a typical functional organization.

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Definitions:

Bad Debts Recovered

Income received from previously written-off accounts receivable that have unexpectedly been collected.

Bad Debts Expense

The cost associated with accounts receivable that a company is unable to collect, considered as a non-recoverable loss.

Allowance Method

An accounting technique used to estimate and account for doubtful debts, reducing accounts receivable to a more realistic value.

Allowance for Doubtful Accounts

A contra-asset account that reduces the total receivables reported on the balance sheet to reflect the amount expected to be uncollectible.