A Large Company Recently Adopted a Structure in Order to Give

question 42

Multiple Choice

A large company recently adopted a structure in order to give its top managers more responsibility and flexibility.The company is now structured around four customer groupings: consumers, corporations, small and mid-sized businesses, and government and educational buyers.Which of the following organizational structures has this company created?

• A)Client-based
• B)Product
• C)Geographic
• D)Functional
• E)Simple

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Definitions:

Debit

A debit is an accounting entry that increases an asset or expense account, or decreases a liability or equity account, and is reflected on the left-hand side of an accounting ledger.

Liability Accounts

Accounts on a company's balance sheet that represent amounts owed to creditors, including loans, accounts payable, and other financial obligations.

Utilities Expense

Costs incurred for essential services such as electricity, water, gas, and sewage treatment in the operation of a business.

Equity

The residual interest in the assets of an entity after deducting liabilities, representing ownership interest in the company.