Community Bank Inc

question 67

Multiple Choice

Community Bank Inc. currently operates with a functional structure. A lack of communication across functional departments has affected the performance of the employees. This scenario illustrates the concept of:

• A) matrix structure.
• B) top-down structure.
• C) functional chimneys.
• D) cross-functional team.

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Definitions:

Computerized Accounting Systems

Software applications designed to manage financial transactions and records, enhancing the accuracy and efficiency of accounting practices.

Manual Systems

A system or process that involves human intervention rather than automated or electronic means.

Accounts Receivable

The money owed to a business or practice for services provided or goods sold on credit but not yet paid for by clients or customers.

Charge Slip

A document or form used to record the services rendered and the charges incurred for a patient in a medical or dental practice.