Examlex
Which of the following suggests that many organizations must adopt frequent administrative changes and need to be structured differently from those that rely on frequent technical and product changes for competitive advantages?
Account
An account is a record within an accounting system that is used to store financial transactions of a particular type, such as assets, liabilities, equity, revenues, and expenses.
Withdrawals
Money or other assets taken out from a business by its owner(s) for personal use.
Accounts Receivable
The financial claim a company holds against its customers for sales made on credit, indicating future cash inflows.
Account
A record summarizing all the transactions pertaining to a specific item in the financial statements.
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