Legacy systems are built around the idea of "best practices."
Indicate whether the statement is true or false
FALSE
You might also like to view...
Adjustments made on the work sheet do not need to be entered in the general journal since the work sheet is considered a formal accounting record
Indicate whether the statement is true or false
For ratification to be effective, the:
A. agent must have the capacity to complete the unauthorized act and ratify it. B. agent cannot disclose the name of the principal. C. principal must have been in existence at the time of the agent's action. D. necessity of the principal should not be served by subagents.
On the balance sheet, treasury stock owned by the company is classified properly as
a. contra-stockholders' equity. b. current assets. c. investments. d. a note to the financial statements.
Lasting Skin Care Inc. is growing very fast in both sales and number of employees. It manufactures and sells skin products for youth, male, female, elderly, and ethnic populations all over the United States and several other countries. So far, the company has followed a simple structure. However, with fast-paced growth, it has become a necessity that the company explore other organizational structures. Larry, a long-time employee at Lasting Skin Care, has collected information on how some of its competitors have organized their companies. Tracks Inc. groups its employees by their different areas of expertise such as Marketing, Finance, Human Resources, and Operations. Fine Base, which is primarily in the United States, groups its activities as Northeast Division, Southeast Division,
Northwest Division, Southwest Division, and Central Division. Prints Inc. has organized its employees according to the accounts they serve, such as Large Company Contracts, Internet Sales, Individual Sales, and Small Salon Direct Sales. Finally, Make safe International has grouped its business units around different types of makeup, including the Lipstick and Lip Gloss Division, the Eye shadow Division, the Foundation Division, the Mascara Division, and the Bronzer and Blush Division.Which of the following describes Tracks' organizational structure? A. geographic B. matrix C. functional D. client-based E. product