Florian Just Graduated from Law School and Wants to Start

question 14

Multiple Choice

Florian just graduated from law school and wants to start his own law firm.It is best for Florian to use a _____ organizational structure.

• A) functional
• B) simple
• C) mechanistic
• D) matrix

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Definitions:

Days' Sales Uncollected

A financial metric measuring the average number of days it takes for a company to collect its receivables post-sale.

December 31

The last day of the calendar year, often used as the end date for annual financial reporting.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, showing the net worth and financial health of the business.

Cash Register

A machine or device at a point of sale used to calculate and register transactions and to store money.