Several Years Later,Mr

question 125

Multiple Choice

Several years later,Mr.Polanski and the management team at AGEC decided to sell off its oil exploration and drilling supply holdings and focus exclusively on the more profitable distribution end of the business.In conjunction with this decision,management decided to outsource most of its noncore functions,such as accounting,payroll,and human resources.These moves are most consistent with a ________ organization.

• A)virtual
• B)network
• C)modular
• D)matrix
• E)learning

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Definitions:

Accounting Standards

Rules and guidelines that specify how financial transactions and elements should be recorded and reported in financial statements.

Income Tax Assessment Act

Legislation that outlines the rules and procedures for the assessment and collection of income tax in a jurisdiction.

Deferred Tax Asset

An accounting term for items that can be used to reduce future tax liability when certain conditions are met, such as allowances for doubtful accounts.

Deferred Tax Liability

A tax obligation that arises from temporary differences between the book value and tax value of assets and liabilities, payable in future periods.