An Approach to Organizational Structure That Is Based on Which

question 48

Multiple Choice

An approach to organizational structure that is based on which consumer groups are served is referred to as a(n) _____.

• A) functional structure
• B) area structure
• C) customer structure
• D) product structure

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Definitions:

Plant Asset

Long-term assets such as buildings, machinery, and equipment used in the operations of a business.

Allocated

The process of assigning or distributing resources, costs, or revenues to various accounts or cost centers based on a specific criterion or formula.

Accrued Expense

An accounting term for expenses that have been incurred but not yet paid, recorded on the books to reflect true financial position.

Salary Owed

The amount of payment due to employees for services rendered that has not yet been paid.