Organizational Behaviour Principles Are Consistent Between Networked and Non-Networked Organizations

question 98

True/False

Organizational behaviour principles are consistent between networked and non-networked organizations.

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Definitions:

Accounting Organization

An entity or structured group that sets accounting standards, rules, and provides guidance for accounting practices and procedures.

Corporation

A legal entity distinct from its owners, possessing rights to own property, incur debts, sue and be sued.

Partnership

A legitimate business structure involving two or more people who jointly manage and benefit from the profits.

Generally Accepted Accounting Principles

A set of accounting standards and practices that are used in the preparation of financial statements in the United States.