An Advantage of Functional Structures Is The

question 85

Multiple Choice

An advantage of functional structures is the:

• A) resulting economies of scale.
• B) enlarged tasks for employees.
• C) easy pinpointing of responsibility for product problems.
• D) development of general management skills.
• E) flexibility in an unstable environment.

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Definitions:

Journal

A detailed record where all financial transactions of a business are entered chronologically.

Bookkeeping Device

A tool or system used for recording and organizing financial transactions.

Ledger

A comprehensive collection of a company's financial accounts, including assets, liabilities, equity, revenue, and expenses.

Management

The method of coordinating, arranging, guiding, and managing resources to fulfill organizational objectives.