In the context of organizational structures, which of the following forms of departmentalization lowers costs by reducing duplication?

Which of the following is another name for transaction controls?:

a. Entity-wide controls. b. Application controls. c. Supporting controls. d. Detail controls.

Answer the following statements true (T) or false (F)

1. A note payable can be classified either as a long-term liability or a short-term liability, depending on the discretion of the accountant. 2. An amortization schedule details each loan payment's allocation between principal as well as interest and the beginning and ending balances of the loan. 3. A mortgage payable is a long-term debt that is backed with a security interest in specific property. 4. The difference between mortgages payable and notes payable is that notes payable are always secured by specific assets. 5. Installment payments for mortgages generally contain both an amount for principal repayment and an amount for interest.

________ is the additional sum of money expected from an investment over and above the original investment.

A. Return on investment B. Return on sale C. Contribution margin D. Return allowance E. Net sale

Few international companies are organized by __________ at the top level.

Fill in the blank(s) with the appropriate word(s).