-Reference Organization Chart 3

question 29

Multiple Choice

-Reference Organization Chart 3.2. The structure would bring strengths such as:

• A) product responsibility is clear and simple.
• B) economies of scale.
• C) suitability for an unstable environment.
• D) determining total cost of any given product is a straightforward hierarchical matter.

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Definitions:

Unearned Revenues

Money received by a company for goods or services that have not yet been delivered or performed.

Accrued Expenses

Expenses that have been incurred but not yet paid, typically recorded through adjusting journal entries in the accounting process.

Prepaid Expenses

Costs incurred beforehand for products or services that will be obtained at a later date.

Property Taxes

Taxes assessed on real estate and sometimes personal property, based on the assessed value of the property.