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:

Indirect Method

A way to prepare a cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate cash flow from operating activities.

Net Cash Provided

Net cash provided is the amount of cash generated by a company's operating, investing, and financing activities within a specific period.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, representing the asset's consumption and wear and tear.

Financing Activities

Transactions that result in changes in the size and composition of the equity and borrowings of an entity.