At Roman Company, All Sales People Are in One Sales

question 43

Short Answer

At Roman Company, all sales people are in one sales department, all production people are in one production department, and all R&D people are in one R&D department.Roman obviously uses ________ departmentation.

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Definitions:

Year-End Financial Statements

Reports prepared at the end of an accounting period, summarizing the financial status and operating results of a business.

Management

involves the activities of setting the strategy of an organization and coordinating the efforts of its employees or volunteers to achieve its objectives.

Withdrawals

The act of taking out funds from a bank account or the removal of assets from a business by the owner for personal use.

Owner's Equity

Represents the share of the company's assets that belongs to the owners after all debts have been paid.