A matrix organizational structure is characterized by a combination of the ________ structure and ________ structure.
A. holding-company; divisional
B. simple; divisional
C. simple; functional
D. functional; divisional
Answer: D
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Chancellor Company purchased merchandize worth $900 on credit, terms n/30 . What is the required journal entry to record the transaction under the periodic inventory system?
a. Accounts Receivable 900 Purchases 900 b. Purchases 900 Accounts Payable 900 c. Merchandize Inventory 900 Accounts Payable 900 d. Accounts Payable 900 Merchandize Inventory 900
Lois is 53. What type of retirement plan allows her to contribute up to a maximum of $3,500, is not tax-deductible, but the earnings accumulate tax-free?
a. Roth IRA b. 401(k) c. 403(b) d. Keogh e. defined benefit
If a prepayment is a requirement for the receipt of the medical care, the payment is deductible in the year paid rather than the year in which the care is rendered.
Answer the following statement true (T) or false (F)
Warrantless searches are permitted where it is likely that evidence will be destroyed
Indicate whether the statement is true or false