American Express Is Organized into Four Divisions That Cater to Businesses

question 61

Multiple Choice

American Express is organized into four divisions that cater to businesses, consumers, travelers, and investors.American Express uses _____ departmentalization.

• A)process
• B)customer
• C)geographic
• D)functional
• E)product

---

Definitions:

Future Cash Flows

Estimated monetary gains or expenditures that a company expects to receive or pay out in the future.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal installments.

Mutually Exclusive

A statistical term describing two or more events that cannot occur simultaneously.

Salvage Value

The estimated residual value of an asset at the end of its useful life, important for depreciation calculations.