Which of the Following Is NOT One of the Building

question 167

Multiple Choice

Which of the following is NOT one of the building blocks that the reorganization of a business' structure generally focuses on?

• A) Customer intimacy
• B) Work Efficiencies
• C) Degree of Departmentalization
• D) Defined functional areas
• E) None of the above

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Definitions:

Chart of Accounts

An organized list of all the accounts in a company's general ledger, used for recording transactions and preparing financial statements.

Statement of Owner's Equity

A financial document showing the changes in the equity of a business over a specific period, including contributions, withdrawals, and earnings.

Trial Balance

An accounting report that lists the balances of all ledgers accounts to ensure the sum of debits equals the sum of credits, used as a check on the accuracy of the postings.

Withdrawals

Funds taken out of a business by its owners for personal use.