Departmentalization According to Is Similar to Functional Departmentalization, Except That

question 57

Multiple Choice

Departmentalization according to is similar to functional departmentalization, except that the focus is much more on specific jobs grouped according to activity.

• A)function
• B)occupation
• C)product or service
• D)process
• E)position

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Definitions:

Debit Sheet

A record listing all debit transactions, often used in accounting to monitor expenditures.

Double-Entry Bookkeeping System

A method of bookkeeping where every entry to an account requires a corresponding and opposite entry to a different account, ensuring the accounting equation balances.

Single-Entry System

An accounting method where each financial transaction is recorded with a single entry to the accounting records, less complex than double-entry accounting.

Useful Reports

Reports that provide valuable information, aiding in decision-making or problem-solving processes.