An Organizational Structure That Combines a Functional Structure with a Divisional

question 43

Multiple Choice

An organizational structure that combines a functional structure with a divisional structure to emphasize project or program needs is called a(n) __________ structure.

• A) informal
• B) operational
• C) vertical
• D) matrix

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Definitions:

Audit Committee

A subcommittee of the board of directors responsible for overseeing and ensuring the integrity of financial reports and compliance with legal and regulatory requirements.

Internal Audit Staff

A department or team within a company that conducts independent evaluations of its operations, controls, and compliance with laws and regulations.

Accounting Errors/Irregularities

Unintentional or intentional misstatements or omissions in financial statements resulting from oversight, misinterpretation, or fraud.

SEC

The United States Securities and Exchange Commission is a federal entity tasked with the enforcement of federal securities legislation and the oversight of the securities sector.