Revenues Are

question 101

Multiple Choice

Revenues are:

• A)decreases in assets resulting from delivering goods or services to customers.
• B)increases in liabilities resulting from delivering goods or services to customers.
• C)increases in retained earnings resulting from delivering goods or services to customers.
• D)decreases in retained earnings resulting from delivering goods or services to customers.

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Definitions:

Formal Coordination

The process of integrating activities and resources within an organization through official channels, policies, and procedures.

Organisational Design

Organisational design is the process of structuring an organization's roles, responsibilities, and systems to efficiently achieve its goals and adapt to changes in the environment.

Structures

The way in which the components of an organization or system are arranged or organized.

Mission and Objectives

The purpose for which an organization is founded, and the specific goals set to guide its efforts towards the realization of that mission.