An Artificial Structure Created to Coordinate Either People or Groups

question 55

Multiple Choice

An artificial structure created to coordinate either people or groups and resources to achieve a mission or goal is known as a(n) __________.

• A) department
• B) institution
• C) organization
• D) hierarchy

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services provided on credit.

Statement of Cash Flows

A financial report detailing the cash inflows and outflows from operating, investing, and financing activities of a company over a period.

Borrowing

The act of receiving something from someone with the intention of returning it or its equivalent.

Increasing Assets

Refers to the growth or escalation in the value of assets owned by a business or individual.