An Organisation Has a Large Research and Development Department That

question 27

Multiple Choice

An organisation has a large research and development department that enables it to constantly produce new goods and services to meet changes in the external environment.What type of organisation is this?

• A) a learning organisation
• B) an organisation that is skilled at knowledge acquisition
• C) an organisation that is skilled at information sharing and collaboration
• D) an organisation that values teamwork and a shared purpose

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Definitions:

Liability Accounts

Accounts on the balance sheet that represent obligations or debts a company owes to others.

Accounting Equation

The foundation of double-entry bookkeeping, representing the relationship: Assets = Liabilities + Equity.

Debit-Credit Analysis

A fundamental accounting technique that balances debits and credits in financial transactions to maintain the equation of assets = liabilities + equity.

Credit Services

Financial services that provide customers with credit facilities to purchase goods or services, including loans, credit cards, and lines of credit.