If Supplies That Have Been Purchased Are Used in the Course

question 205

Multiple Choice

If supplies that have been purchased are used in the course of business then

• A) a liability will increase.
• B) an asset will increase.
• C) owner's equity will decrease.
• D) owner's equity will increase.

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Definitions:

Simple Structure

An organizational design characterized by a low degree of departmentalization, wide spans of control, authority centralized in a single person, and little formalization.

Adhocracy

An organizational structure characterized by flexibility, employee empowerment, and an emphasis on innovation and problem-solving rather than hierarchy and strict procedures.

Globalization

The method through which companies or various entities expand their influence globally or begin to function at an international level.

Cultural Differences

Variations in the ways of life, traditions, and practices among groups of people from different backgrounds.