Most Employees at Quokka Systems Are Organized into Project Teams

question 109

Multiple Choice

Most employees at Quokka Systems are organized into project teams. Employees report to the project leader, but they also report to a leader responsible for their functional specialization (such as engineering or marketing) . Quokka Systems likely has a:

• A)product-based divisionalized structure.
• B)client-based divisionalized structure.
• C)simple structure.
• D)functional structure.
• E)matrix structure.

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Definitions:

Net Method

An accounting technique where discounts for prompt payment are calculated and recorded immediately, reducing the purchase cost of inventory.

Allowance for Sales Discounts

An account used in bookkeeping to estimate the reduction in revenue due to sales discounts that customers are expected to take advantage of.

Accounts Receivable

Debts owed by customers to a business for items or services that have been furnished but not compensated.

Sales Discounts

A reduction in the price of goods sold, offered by the seller to the buyer, often to encourage prompt payment.