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Describe the attributes of a functional organizational structure.What are the advantages and disadvantages associated with using the functional organizational form?
Consolidated Sales
The total sales of a parent company and its subsidiaries, after eliminating intercompany sales, reported in the consolidated financial statements.
Normal Markup
The standard amount or percentage added to the cost of a product to determine its selling price.
Common Stock
Equity securities that represent ownership in a company, providing voting rights and a share in the company’s profits through dividends.
Equity Method
A method of accounting for investments, where the investor recognizes its share of investee's profits and losses in its own income statement, typically used when the investor has significant influence over the investee.
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