Matrix Departmentalization Combines ___________ and ___________ Departmentalization

question 61

Multiple Choice

Matrix departmentalization combines ___________ and ___________ departmentalization.

• A)territory,customer
• B)territory,product
• C)functional,customer
• D)functional,product

---

Definitions:

Creditor

An individual or institution that lends money or extends credit to another entity.

Interim Statements

Financial statements prepared for a period shorter than a financial year, typically quarterly or semi-annually, to provide a more immediate financial status of the company.

Insurance

A financial product that provides protection against financial losses from specified risks, such as accidents, theft, or natural disasters.

Fiscal Year

A one-year period that companies and governments use for accounting purposes and preparing financial statements, which may or may not align with the calendar year.