Sondra Wants to Open a Dessert Shop and Plans to Employ

question 9

Multiple Choice

Sondra wants to open a dessert shop and plans to employ a staff of about 10 people,including wait staff and bakers.Sondra is planning to create a ________ organization.

• A)flat
• B)narrow
• C)centralized
• D)departmentalized
• E)specialized

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Definitions:

Accounts Payable

The amount of money owed by a company to its suppliers or creditors for goods and services purchased on credit.

Quick Ratio

A liquidity indicator that measures a company's ability to cover its short-term obligations with its most liquid assets, excluding inventories.

Accounts Receivable

Accounts Receivable refers to the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Accounts Payable

Short-term liabilities of a company for goods and services received from others but not yet paid for.