A Disadvantage of the Matrix Structure Is That

question 16

Multiple Choice

A disadvantage of the matrix structure is that:

• A) it can only work in environments that do not have any need for adaptability.
• B) it is the least efficient of all structures.
• C) it is the most bureaucratic of all structures.
• D) it is inflexible and does not allow for fluidity based on project needs.
• E) it can be complicated for employees who have two managers.

Understand the principles of double-entry accounting and the necessity of balancing debits and credits in transactions.

Comprehend the concept and usage of contra accounts in accounting.

Recognize differences between U.S. GAAP and IFRS in terms of income statement presentation and comprehensive income.

Apply the matching principle to determine appropriate expense recognition.

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Definitions:

Machine Setups

The configuration and preparations of machines before commencing the manufacturing of a different product or batch.

Activity Cost Pool

A collection of all costs associated with a particular activity, used in activity-based costing to allocate costs more accurately.

Labor-Related

Associated with the work performed by employees or workers, including wages, benefits, and other employment costs.

Activity Cost Pool

A way to accumulate costs associated with a specific activity, such as quality control testing or machine setup, making it easier to assign those costs to products.