The Form of Departmentalization That Groups Together Common Functions into Departments

question 41

Multiple Choice

The form of departmentalization that groups together common functions into departments such as marketing, production, or finance, is: ____ departmentalization.

• A) Functional.
• B) Wagon wheel.
• C) Inverted pyramid.
• D) Product.

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Definitions:

Intangibles

Intangibles refer to non-physical assets that have value, such as intellectual property, goodwill, and brand recognition.

Proceeds

The amount of money obtained from an event or transaction, such as the sale of goods or property.

Creditors

Creditors are individuals, businesses, or entities that are owed money by debtors, typically arising from the provision of goods, services, or loans.

Repossess Property

The act of a lender taking back an object, typically a vehicle or real estate, from the borrower due to failure to meet the terms of the loan agreement.