A Benefit of Functional Organizational Design Is an Emphasis on Individual

question 52

True/False

A benefit of functional organizational design is an emphasis on individual responsibility and accountability.

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Definitions:

Minor Expenditures

Small or insignificant costs that are usually of a non-recurring nature and may not be capitalized.

Discounted Note

A debt instrument sold for less than its face value that will pay the face value at maturity, effectively providing interest to the holder.

Notes Receivable

Financial assets representing amounts owed to a company, promised to be paid back with interest.

Accounts Receivable Assigned

A financing arrangement where a company uses its receivables as collateral to secure a loan.