All of the Following Are Advantages of a Functional Structure,except

question 124

Multiple Choice

All of the following are advantages of a functional structure,except:

• A) efficient use of resources
• B) career progress within functional departments
• C) decisions concentrated the top of the hierarchy
• D) top manager direction and control
• E) high quality technical problem solving.

Recognize the importance and methods of internal control over cash to prevent and detect errors and fraud.

Classify and report cash and cash equivalents in financial statements according to U.S. GAAP and IFRS.

Understand the principles of recording transactions affecting cash and receivables.

Prepare and interpret a balance sheet segment related to receivables.

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Definitions:

Variable Inputs

Resources used in production that vary with the level of output, such as raw materials.

Short-Run

A period of time in economics where at least one input is fixed, limiting the ability to fully adjust to market changes.

Gasoline Costs

Expenses related to the purchase of gasoline, often significant for individuals and businesses relying on transportation.

Fixed Costs

Fixed costs, which are unaffected by the volume of production or sales, encompassing charges like lease payments, employee salaries, and insurance fees.