At Arbol Industries, a Factory Marketing Coordinator Position Was Created

question 53

Multiple Choice

At Arbol Industries, a factory marketing coordinator position was created at each of its 15 manufacturing plants to ensure that marketing strategies were being understood and implemented by all functions. Which of the four key building blocks does this action illustrate?

• A) senior management commitment
• B) organizational realignment
• C) support systems
• D) support processes
• E) revised financial metrics

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Definitions:

Bank Statement Adjustment

Amendments made to the balance as shown by the bank statement to reflect accurate entries for transactions not yet recorded.

Deposit In Transit

Funds that have been deposited by a company but not yet recorded by the bank.

Bank Reconciliation

Aligning an organization's cash account records in its accounting books with the relevant details found in a bank statement.

Bank Statement Adjustment

The process of reconciling differences between the balance shown on a bank statement and the amount shown in a company's financial records.