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According to the Text,the Use of Information and Communications Technology

question 45

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According to the text,the use of information and communications technology in corporations has reduced the rigid hierarchical structure of corporations,but at the same time it has created:


Definitions:

Insurance Proceeds

The money received by an insured party from an insurance company to cover a claim.

Accounts Payable

Liabilities owed by a business to its creditors for goods and services purchased on credit, which are due within a short period.

Financing Activities

Transactions and events that affect a company's capital structure, including borrowing, repaying debt, issuing equity, and paying dividends.

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