Consistency in Accounting Means That a Company Uses the Same

question 108

True/False

Consistency in accounting means that a company uses the same generally accepted accounting principles from one accounting period to the next accounting period.

---

Definitions:

Informal Organizational Structure

The unofficial relationships, networks, and dynamics within an organization that influence decisions, communication, and workflow.

Functional Structure

An organizational design that groups together people who are doing similar jobs, use similar skills, or provide similar services within an organization.

Divisional Structure

An organizational framework where the company is divided into semi-autonomous units, each responsible for a particular business aspect or geographical area.

Customer Segments

Groups of potential consumers classified by specific characteristics like demographics, behaviors, or needs, helping businesses to target their products or services more effectively.