What the Simplest from the Administrative Point Is of View

question 72

Multiple Choice

What the simplest from the administrative point is of view because it emphasizes the basic tasks of the firm?

• A) Customer structure
• B) Organizational structure
• C) Functional structure
• D) Statistical structure

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Definitions:

Accounts Payable

Liabilities of a business that are due to be paid to creditors within a short period of time, typically one year.

Supplies Expense

This refers to the cost recorded for supplies used during an accounting period, not necessarily when they were purchased.

Operating Income

Income generated from normal business operations, calculated by subtracting operating expenses from the gross profit.

Cash Account

An account that represents the amount of liquid assets or cash available to an individual or company.