While Working a Night Job at a Call Center,Carlos Creates

question 45

Multiple Choice

While working a night job at a call center,Carlos creates an app called DineSmart,which can be used to place orders at restaurants,rate the restaurants,and make reservations.Because he receives good responses for his app,he quits his current job to focus his efforts on DineSmart.He creates a start-up called TYOP and hires three people to help him improve DineSmart and maintain the servers that run it.In this scenario,TYOP most likely has a _____ structure.

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

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Definitions:

Adjusting Journal Entries

Journal entries made at the end of an accounting period to account for incomes and expenses in the period they occur, ensuring that the financial statements are accurate.

Reconciliation Report

A document that compares two sets of records to ensure they are in agreement and accurate.

Bank Reconciliation

The process of comparing and adjusting a company's recorded balances to match the bank's figures, identifying any discrepancies.

Adjusting Journal Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the correct period.