A Formal Chain of Command for Both Functional and Divisional

question 206

Multiple Choice

A formal chain of command for both functional and divisional relationships is provided by the ____ approach to structure.

• A) horizontal matrix
• B) vertical functional
• C) divisional
• D) product
• E) team-based

---

Definitions:

Interest Rate

The percentage charged by a lender to a borrower for the use of assets, typically expressed as an annual percentage of the principal.

Uncollectible Account

A receivable owed to a company that is considered unlikley to be paid and is written off as a loss.

Other Receivable

Amounts owed to the company from parties other than customers, typically within a short time frame.

Uncollectible Receivables

Money owed to a company that is unlikely to be paid by the debtor, leading to its classification as a bad debt.