A Disadvantage of the Functional Form of Departmentalization Is That

question 4

True/False

A disadvantage of the functional form of departmentalization is that technical specialists spend too much time on administrative work.

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Definitions:

Cash

Liquid currency and instruments that are readily convertible to known amounts of cash and used to settle debts or buy goods and services.

Fees Earned

Income generated from the provision of services rather than the sale of goods, often recorded as revenue on the income statement.

Accounts Receivable

Funds that clients or customers have yet to pay to a company for products or services already provided.

Accounts Payable

Obligations a company has to pay back to lenders for products and services bought on credit.