Three Major Contingencies That Influence the Chosen Structure of a Company

question 47

True/False

Three major contingencies that influence the chosen structure of a company are: the type of strategy that drives its foreign operations,its product diversity,and the extent to which the company is dependent on foreign sales.

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Definitions:

Posting

The process of transferring journal entry information to the ledger, ensuring every debit and credit transaction is recorded in the correct accounts.

Transposition Error

A mistake that occurs when two digits within a number are inadvertently reversed during data entry or recording.

Journal Entry

A record of a financial transaction in the accounting books.

Trial Balance

A bookkeeping worksheet where the balances of all ledgers are compiled into debit and credit account columns to check the accuracy of the financial transactions recorded.