The Organization Structure at Sinclair Funds,a Financial Services Company,is Divided

question 6

Multiple Choice

The organization structure at Sinclair Funds,a financial services company,is divided horizontally into Insurance,Mutual Funds,and Wealth Management departments.Identify the departmentalization mode being used here.

• A)matrix
• B)customer
• C)product or service
• D)geographic
• E)functional

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Definitions:

Inventory Turnover

Inventory turnover is a measure of how frequently a company sells and replaces its stock of goods within a certain period, indicating the efficiency of inventory management.

Inventory Management

The process of ordering, storing, using, and selling a company's inventory, which includes both raw materials and finished goods.

Days' Sales

A financial metric that estimates the average time it takes for a company to collect cash from its customers after a sale has been made, often related to inventory turnover.

Receivables

Financial assets representing money owed to an entity by others for goods delivered or services provided on credit.