The Regionalized Organization Seems to Be Popular with Companies That

question 30

Multiple Choice

The regionalized organization seems to be popular with companies that:

• A) operate in many diverse foreign regions.
• B) favor licensing as a form of market entry.
• C) manufacture products with a low technological content requiring strong marketing ability.
• D) manufacture products incorporating high technology in industrialized regions.
• E) two of the above.

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Definitions:

Adjusting Entry

A journal entry made in accounting to update the records for accruals and deferrals that have not yet been recorded.

Accrued Revenue

Income that has been earned but not yet received, typically recorded in the accounting period it is earned rather than when cash is exchanged.

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel adjusting entries made at the end of the previous period, simplifying the recording of subsequent transactions.

Operating Cycle

The average time period between the acquisition of inventory and the collection of cash from accounts receivable, reflecting the efficiency of a company's operations.