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Maryanne coordinates the activities of TeamCo's individual units and offers support services to the help the managers reach their performance goals.What type of organisational design does TeamCo use to manage their individual units?
Contra Account
An account used in accounting to reduce the value of a related account when the two are netted together, providing a clearer picture of financial status.
Fair Value
An estimate of the market value of an asset or liability, based on current prices in active markets.
Noncash Asset
An asset that is not cash or does not directly translate into cash in a short period, such as property, plant, and equipment.
Corporation
A legal entity that is separate and distinct from its owners, who are shareholders, and has its own rights and obligations.
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