When Organisational Structures Move to a Flatter Structure, It Is

question 87

True/False

When organisational structures move to a flatter structure, it is anticipated that the levels of management are reduced, which in turn allows the organisation to react quicker to potential opportunities.

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Definitions:

Term

In finance, it refers to the period of time until a loan matures; in a broader sense, it can describe any specific duration or the definition of a concept or agreement.

Receivable

Money owed to a company by its customers or clients for goods or services delivered or used but not yet paid for.

Direct Write-Off Method

An accounting method where uncollectable accounts receivable are directly written off against income at the time they are deemed irrecoverable.

Adjusting Entry

An Adjusting Entry is a journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period, ensuring that the financial statements reflect accurate and fair values.