Large Accounting Agencies Typically Have Separate Departments That Deal with Households

question 46

Multiple Choice

Large accounting agencies typically have separate departments that deal with households, businesses, and governments. This allows them to better serve the needs of their clients by using _____.

• A)matrix departmentalization
• B)product departmentalization
• C)customer departmentalization
• D)geographic departmentalization
• E)functional departmentalization

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Definitions:

Revenue

The overall income produced from selling goods or services that are central to a company's main business activities.

Profit and Loss

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period, usually a fiscal quarter or year.

Comparative Purposes

For purposes of comparison, often to analyze differences or similarities between two or more items or situations.

External Data

Information that originates outside the organization and is used for analysis or decision making.