A Journal Provides

question 109

Multiple Choice

A journal provides

• A) the balances for each account.
• B) information about a transaction in several different places.
• C) a list of all accounts used in the business.
• D) a chronological record of transactions.

Understand the evolving functionality and impact of smartphones on society.

Identify large online databases and their proprietors.

Comprehend the purpose and components of management information systems.

Recognize examples and implications of disruptive innovations.

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Definitions:

Departmentalization

The method of dividing an organization into distinct departments, allowing for specialized functional areas that focus on specific tasks or duties.

Informal Communication

The exchange of information, thoughts, and messages in an unofficial, casual manner outside formal communication channels.

Centralized

The concentration of decision-making authority at the top levels of the organizational hierarchy.

Decentralized

A type of organizational structure where decision-making authority is distributed throughout various levels rather than being concentrated at the top.