Under the _____ Design of Global Activities Organization, the Company

question 98

Multiple Choice

Under the _____ design of global activities organization, the company basically has two entities (the domestic division and the international division) .

• A)international division
• B)cryptic division
• C)product-based structure
• D)geographic structure
• E)matrix structure

Recognize the ethical considerations and standards in accounting, including the impact of small ethical lapses and the legal implications for unethical behavior.

Understand the significance of the Sarbanes-Oxley Act on corporate responsibility and financial disclosures.

Comprehend the primary role of accounting in business and society.

Distinguish the characteristics of various forms of business organization.

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash and goods, used by a business to generate income.

Stockholders

People or organizations holding one or more shares in a corporation, thereby having partial ownership of the business.

Legal Capital

The minimum amount of capital that a company is required to maintain by law, often used to protect creditors and shareholders.

Financial Loss

A decrease in net income that results from operating activities, investments, and changes in fair value of assets, exceeding the income from these activities.