Many Organizations Have a Large Number of Functional Areas with Very

question 91

Multiple Choice

Many organizations have a large number of functional areas with very diverse and sometimes competing interests.Such organizations will be most effective if

• A) each functional area focuses on achieving their own goals.
• B) goals are defined at the bottom and implemented at the top.
• C) functional areas work together to attain overall goals.
• D) management and employees have separate goals.

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Definitions:

Public Companies

Companies that issue publicly traded debt or equity securities.

Sarbanes-Oxley Act

U.S. legislation passed in 2002 aimed at protecting investors from fraudulent financial reporting by corporations.

Public Exchanges

Marketplaces where stocks, bonds, and other securities are traded among investors.

Cash Discounts

Reductions in the amount due by a customer if payment is made within a specified period, used as an incentive for quick payment.