A Key Advantage of Geographic Departmentalization Is That It Allows

question 18

Multiple Choice

A key advantage of geographic departmentalization is that it allows for

• A) decision making at a local level
• B) consideration of the local culture.
• C) a & b
• D) a one size fits all strategy

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Definitions:

Bonds Issued

Long-term debt securities issued by corporations or governments to raise funds, promising to pay back with interest.

Statement of Cash Flows

A financial document summarizing the total cash inflows from operational activities and external investments a company gets, alongside the cash outflows for business operations and investments over a specific period.

Sale of Equipment

This transaction involves disposing of business equipment, typically recorded as a gain or loss in the financial statements, depending on the sale price versus book value.

Common Stock

A type of equity ownership in a corporation, with voting rights and potential dividends, that takes last priority in asset distribution upon liquidation.