Which of the following best describes a functional structure?
A. It is an organizational structure where boundaries between jobs continually shift, and people pitch in wherever their contributions are needed.
B. It is an organizational structure where work and resources are assigned to departments responsible for all the activities related to producing and delivering a particular product.
C. It is an organizational structure where personnel and other resources are grouped according to the types of work they carry out.
D. It is an organizational structure where an organization is departmentalized according to the type of customer served.
Answer: C
You might also like to view...
When merchandise is acquired on account and the perpetual system of inventory is used, the journal entry for the purchase would include
a. debiting Purchases and crediting Accounts Payable. b. debiting Accounts Payable and crediting Merchandise Inventory. c. debiting Merchandise Inventory and crediting Accounts Payable. d. debiting Accounts Payable and crediting Purchases.
Rational appeals work best when:
A) there is low involvement and the product is simple B) there is high involvement, but no emotion C) there is high involvement and the viewer is willing to pay attention to the ad D) they are related more to the product than the amount of involvement
In a statement of cash flows prepared by the indirect method, which of the following events would be deducted from net income?
A) increase in accrued pension cost B) loss on the sale of an available-for-sale investment C) proceeds from the sale of plant assets D) amortization expense on a patent
Explain the legal status of a limited liability company (LLC).
What will be an ideal response?