In Reviewing the Organizational Structure of Your Company, You Notice

question 194

Multiple Choice

In reviewing the organizational structure of your company, you notice that engineering is subdivided into mechanical, electrical, and software. Additionally, the accounting department is subdivided into accounts payable, accounts receivable, and asset management. What type of departmentalization has the company selected?

• A) Process
• B) Functional
• C) Geographic
• D) Product
• E) Customer

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Definitions:

Compound Interest

Interest that is figured on the base amount initially invested or borrowed, along with the previously gathered interest.

Exponential Functions

Mathematical functions representing growth or decay at a constantly increasing or decreasing rate, often used in modeling population growth or radioactive decay.

Compound Interest

This refers to interest earned or paid on the initial amount of a deposit or loan, plus any interest that has accrued over time.

Present Value

Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.