A(n)____ Is a Representation of an Organization's Internal Structure,indicating How

question 53

Multiple Choice

A(n) ____ is a representation of an organization's internal structure,indicating how various tasks or functions are interrelated.

• A) mechanistic structure
• B) organizational chart
• C) accountability chart
• D) responsibility structure

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Definitions:

Income Statement

A financial statement that shows a company’s revenues and expenses over a specific period, ending with net income or loss.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments are made, used to verify the balance of debits and credits.

Net Income

The total profit of a company after all revenues and gains are added to the account and all expenses and losses are subtracted.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, revealing profit or loss.