The Increasing Recognition That an Organization Has Only a Few

question 137

Multiple Choice

The increasing recognition that an organization has only a few core competencies is one of the forces pushing towards more:

• A)client-based divisionalized structures.
• B)team-based structures.
• C)simple structures.
• D)network structures.
• E)functional structures.

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Definitions:

Incorrect Account Titles

Errors in the naming or categorization of accounts in the financial records, which can impact the accuracy of financial reporting.

Journalizing

The entering of transaction data in the journal.

Trial Balance

A bookkeeping worksheet listing the balances in each ledger account, used to verify that the sum of debits equals the sum of credits.

Credit Side

The side of an accounting ledger where increases in liabilities, equity, and revenue, or decreases in assets and expenses are recorded.