A Functional Structure Means Individual Departments

question 15

Multiple Choice

A functional structure means individual departments

• A)provide only a basic service to all the others.
• B)do the same kind of activity or task.
• C)adopt the same general approach.
• D)focus on producing one product each.

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Definitions:

Security Entitlement

A legal right or interest that an individual has in a financial asset that is held by a securities intermediary.

Chattel Paper

A document or record that evidences both a monetary obligation and a security interest in or lease of specific goods.

Tangible

Refers to physical objects or assets that can be seen and touched.

Electronic Record

A document or data that is created, stored, and retrievable in electronic form.