Functional Organization Structures Are Used Primarily by Large Businesses

question 236

True/False

Functional organization structures are used primarily by large businesses.

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Definitions:

Transferred

The act of moving assets, funds, or rights from one account, location, or ownership to another.

Journals

Recorded chronological entries that detail all the financial transactions of a business, used as the initial place of record.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account.

Increase

An upward movement in quantity, value, or some measure of performance.