The Fewest Integrative Devices Are Used in the __________ Structure

question 95

Multiple Choice

The fewest integrative devices are used in the __________ structure.

• A) simple
• B) competitive multidivisional
• C) SBU
• D) network

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Definitions:

Closing Entries

These are journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts, hence preparing the books for the next period.

Revenue Accounts

Accounts used to record the income generated from the sale of goods or services in the normal course of business.

Expense Accounts

Accounts in financial accounting that track the costs of operating a business, including costs for materials, labor, and overhead.

Permanent Accounts

These are balance sheet accounts whose balances are carried forward from one accounting period to the next, including assets, liabilities, and equity accounts.