If a Company Has Sales of $ 110,000 in 2020

question 129

True/False

If a company has sales of $ 110,000 in 2020 and $ 154,000 in 2021, the percentage increase in sales from 2020 to 2021 is 40%.

---

Definitions:

Functional Boss

A manager who has authority over a specific area of activity or department within an organization, focusing on specialized functions.

Matrix Structure

An organizational structure that combines two or more types of structures, typically project and functional, enabling more flexible and dynamic team collaboration.

Formal Group

A collection of individuals who come together to achieve a specific goal, structured and organized with defined roles and responsibilities.

Divisional Structures

An organizational framework where operations are divided into semi-autonomous units or divisions, each focusing on a certain product line or geographical area.