The Three Basic Types of Product Structure Include

question 16

Multiple Choice

The three basic types of product structure include

• A) duplication, organization resources, and functional specialization.
• B) the related divisional format, the cluster format, and the unrelated holding company.
• C) economic realities, business prospects, and regional integration.
• D) none of the above

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Definitions:

Income Statement

A financial report summarizing a company’s revenues, expenses, and profits over a specified period, showing the company's financial performance.

Acid-Test Ratio

A financial ratio that measures a company's ability to pay off its current liabilities with its quick assets, indicating short-term financial strength.

Balance Sheet

A financial statement that displays a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial position.

Current Assets

Refers to assets that are expected to be converted into cash or used up within one year or in the operating cycle of the business, whichever is longer.