An Organization That Performs a Few Core Functions and Outsources

question 84

Multiple Choice

An organization that performs a few core functions and outsources non-core activities to specialists and suppliers is called a(n)

• A)network organization.
• B)virtual organization.
• C)modular organization.
• D)holacratic organization.
• E)ambidextrous organization.

Understand the principles of recording financial transactions involving long-term liabilities and their impact on balance sheets.

Calculate interest expense and understand its effects on financial statements.

Apply the concepts of present value and future value to various financial transactions.

Differentiate between types of leases and their accounting treatment.

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Definitions:

ICD-9

International Classification of Diseases, Ninth Revision; a system used to classify and code diagnoses, symptoms, and procedures recorded in conjunction with hospital care.

Anesthesia

The administration of drugs or agents to induce a state of temporary loss of sensation or consciousness, used during medical procedures to eliminate pain.

Benign Prostatic Hypertrophy (BPH)

A noncancerous enlargement of the prostate gland that can interfere with urinary function in men.

E Codes

Codes in the International Classification of Diseases (ICD) system used to classify environmental events, circumstances, and conditions as the cause of injury, poisoning, and other adverse effects.