Organizational Structure Is the Description of the Vertical and Horizontal

question 11

True/False

Organizational structure is the description of the vertical and horizontal configuration of departments, authority, and jobs within a company.

---

Definitions:

Asset

A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Entity's Activities

Operations or actions undertaken by an entity, which can include its core business operations, investments, financing, and other actions that it engages in.

Owners' Equity

The residual interest in the assets of a business after deducting liabilities, representing the ownership interest of shareholders or owners.