________ Departmentalization Is Based on Territory or the Physical Location

question 63

Multiple Choice

________ departmentalization is based on territory or the physical location of employees or customers.

• A)Functional
• B)Product
• C)Geographic
• D)Matrix

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Useful Life

The estimated duration of time an asset is expected to remain functional and economically feasible for its intended use.

Straight-Line Depreciation

A strategy for spreading out the expenditure of a physical asset over the duration of its useful life in uniform annual payments.

Residual Value

The estimated value that an asset will realize upon its sale at the end of its useful life, important in calculating depreciation.