Which of the Following Statements Is Not One of the Four

question 17

Multiple Choice

Which of the following statements is not one of the four main financial statements that companies are required to prepare?

• A)a Statement of Cash Flows
• B)a Statement of Changes in Equity
• C)a Statement of Retained Earnings
• D)a Statement of Financial Position

---

Definitions:

Coordinating Mechanisms

Tools or methods used to align activities, processes, and strategies across different parts of an organization to ensure efficiency and goal achievement.

Team-Based Structure

An organizational architecture that emphasizes collaborative work and projects carried out by teams, as opposed to hierarchy or individual efforts.

Simple Structure

An organizational design with low departmentalization, wide spans of control, centralized authority, and minimal formalization.

Formal Hierarchy

A structured organization where individuals are ranked according to their levels of authority and responsibility.