How do functional structures improve a company? Multiple Choice O It allows for quicker decision making. Marketing typically won't happen without a specific department. Finance typically won't happen without a specific department. Specialization increases efficiency and effectiveness.

How do functional structures improve a company? Multiple Choice O It allows for quicker decision making. Marketing typically won't happen without a specific department. Finance typically won't happen without a specific department. Specialization increases efficiency and effectiveness.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 4MC: A key advantage of a decentralized organization is _________. A. increased administrative costs B....

See similar textbooks

Related questions

Q: At December 31, 2024, Oriole Company made an accrued expense adjusting entry of $1,200 for salaries.…

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

Q: Read the transactions and fill in the Cash basis/Accrual basis table. Enter expenses in parentheses…

A: The accrual concept acts as the basis of accounting which states that transactions are recorded in…

Q: PKT Ltd wanted to achieve a 25% GP for each sale completed. Inventory sales between AB and CF Ltd…

A: Answer:- Journal entries refer to the initial recording of financial transactions that are made in…

Q: What does accounting entity assumption mean for a business?

A: The accounting entity assumption, also known as the economic entity assumption, is a fundamental…

Q: Whispering Winds Company budgeted the following cost standards for the current year: Direct…

A: Variance is the difference between standard and actual costs. If the standard cost is more than…

Q: Statement of stockholders' equity Brenda Tooley owns and operates Speedy Delivery Services. On…

A: The stockholders' equity increases with issuance of shares. The retained gets increases with net…

Q: A company contemplating the acceptance of a special order has the following unit Direct materials $4…

A: Marginal revenue is determined by examining the earnings from the sale of one extra unit, whereas…

Q: The Fredbear Company reported the following results for July: Selling price per unit $650 Number of…

A: Income statement is the statement which shows the financial performance of the firm for the…

Q: Inventory records for Eliza Company revealed the following Number of Units 1,060 560 860 510 Date…

A: INVENTORY VALUATIONInventory Valuation is a Method of Calculation of Value of Inventory at the End…

Q: PT Partnership begins with 2 partners. Parrot contributes assets with a FMV of $50,000 and an…

A: In a partnership, the initial contributions made by partners are generally not taxable events for…

Q: Majer Corporation makes a product with the following standard costs: Standard Quantity or…

A: Labour efficiency variance measures the difference between the actual hours worked and the standard…

Q: Kapoor Catering Co. uses a job cost system. Its activities in November 2020, the first month of…

A: The job order costing system is the costing method that determines the total cost associated with…

Q: PKT Ltd acquired 80% of the ordinary shares of CF Ltd. The net assets were fairly valued on 1…

A: To address the undervaluation of machinery, you would need to make adjustments in the financial…

Q: In August 2024, Carla Vista Helicopters Ltd. purchased a new helicopter for its logging and heavy…

A: Lets understand the basics.Units of production methodA method that is used to calculate depreciation…

Q: Discuss with reference to IAS37 whether the restructuring can be recognized as a provision. Indicate…

A: Provisions, according to IAS 37, are obligations with undetermined time or amount. The following…

Q: Super Sports Drinks, Inc. has two departments: Mixing and Bottling. Direct materials are added at…

A: Conversion costs are the total of direct labor and factory overhead costs. They are combined because…

Q: On February 1, 2024, Strauss-Lombardi issued 9% bonds, dated February 1, with a face amount of…

A: The bonds are the debt securities either issued by government entity or corporations. The bonds are…

Q: stman, Inc., uses a standard costing system and develops its overhead rates from the current annual…

A: Variance Analysis helps the management of an organization to analyze how much their actual results…

Q: Li Corporation reported pretax book income of $605,000. Tax depreciation exceeded book depreciation…

A: The deferred tax liability is created when the taxes to be paid as per income tax are greater than…

Q: Fisher Fixtures manufactures three types of lighting fixtures, with model names of Silver, Gold, and…

A: The pre-determined Overhead rate is an allocation rate used to allocate the manufacturing overheads.…

Q: For the first week of 2022, Coby Co. pays wages of $6,000 and withholds $1,000 for federal income…

A: The payroll register contains the record of the employees’ details like basic salary, allowances,…

Q: Montauk Oil Company reports these account balances at December 31, Year 1 Accounts Payable Land…

A: A trial balance is a financial statement that lists the balances of a company’s general ledger…

Q: A shareholder loaned $100,000 to the S Corp in TY2021 which was repaid in TY2022. Discuss the…

A: The objective of the question is to understand how to record a loan transaction between a…

Q: Jefferson City has invited an orchestra to play in the city's museum. Your job is to calculate the…

A: The break-even point indicates that total units are to be sold by the business entity to recover its…

Q: On January 1, 2024, the Highlands Company began construction on a new manufacturing facility for its…

A: Interest capitalize: The unpaid interest on your loan is added to the principal amount, which is…

Q: PKT Ltd acquired 80% of the ordinary shares of CF Ltd. The net assets were fairly valued on 1…

A: When one company acquires a significant portion of another company's shares, it often results in…

Q: *Don't tell me we've lost another bid!" exclaimed Janice Hudson, president of Prime Products Inc.…

A: Overhead distribution worksheet is the apportionment of indirect cost to different departments based…

Q: Prepare the journal entries to record the following transactions for Cullumber Wholesale Company,…

A: Journal entry :— It is an act of recording transaction in books of account when transaction…

Q: My Husband Keeps the House Freezing (HKHF) manufacturers two products: blankets and space heaters.…

A: The objective of the question is to find out the total number of space heaters that must be sold to…

Q: A business has taken out an annual licence at a cost of £10,496 which covers the period 01/08/X1 to…

A: An annual license gives the user access to the licensed program for a full year, along with the…

Q: The ABG company bought a patent for €3,000. Although the patent is legally protected for a period of…

A: In this scenario, since the patent is only expected to be commercially exploitable for 6 years…

Q: Machine Replacement Decision A company is considering replacing an old piece of machinery, which…

A: Differential Analysis :— This analysis shows the comparison between two different alternatives. A…

Q: Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses as…

A: Income statement is the one which is prepared by the entity for the purpose of determining the…

Q: Blue Spruce Industries purchased 8,400 units of direct material on account for $23,500, when the…

A: Material price variance measures the difference between the actual cost of materials and the…

Q: Sherri Springs is a producer of flavored water. Below is the data for its production in April.…

A: The sum of the variable and fixed costs is known as the production costs. Manufacturers and other…

Q: Other administrative expense of $10,920 have accrued at December 31. (Hint: Use Accounts Payable for…

A: The objective of the question is to determine the adjusting entry for the accrued administrative…

Q: Contech (lessee) wishes to lease a printing press valued at $60,000 from Wrenn Capital (lessor) for…

A: ParticularsAmountSalvage Value (A)$8,000Present Value Factor @ 12% for 4th Year (B)0.636100 Percent…

Q: In the second stage, Machining costs are assigned to products using machine-hours (MHS) and Order…

A: ACTIVITY BASED COSTINGActivity Based Costing is a powerful tool for measuring…

Q: Rients Corporation is a service company that measures its output by the number of customers served.…

A: spending variance for employee salaries and wages refers to the difference between the actual amount…

Q: Classify each of the following accounts taken from Faust Company's balance sheet Accounts payable…

A: Balance sheet is a financial statement that shows list of final ending balances of assets,…

Q: Solution?

A: The objective of the question is to calculate the Sharpe ratio of the Tanglewood Fund, the Sharpe…

Q: Year 2007 2008 2009 Net income $40,000 125,000 160,000 Dividends declared so 50,000 50,000 The…

A: Retained earnings are all of a company's net income that is retained and used for internal business…

Q: Home Properties is developing a subdivision that includes 410 home lots. The 180 lots in the Canyon…

A: When two or more products get produced from single a pool of expense then joint cost needs to be…

Q: Wilson Manufacturing has provided you with the following variances for the month of March: Direct…

A: Direct Material Spending Variance: This variance measures the difference between the actual cost of…

Q: Blossom Co. sells product P-14 at a price of $48 a unit. The per- unit cost data are direct…

A: The special order should be accepted if incremental income is greater than incremental…

Q: Orion Iron Corp. tracks the number of units purchased and sold throughout each year but applies its…

A: Cost of goods available for sale is the sum of beginning inventory balance and value of purchases.…

Q: Bond discount, entries for bonds payable transactions, interest method of amortizing bond discount…

A: The bonds are issued to raise money from the market or investors. The bonds are reported as the…

Q: Lindor Enterprises projects sales for the first three months of the year to be: $10,200 in January,…

A: The cash budget refers to the statement prepared by the management estimating future possible cash…

Q: Haricot Corporation and Pinto Corporation both have operating profits of $135 million. Haricot is…

A: For investors and analysts, operating profit is an essential indicator or tool because it provides…

Q: Teal plc purchased a truck by issuing an £86,400, 4-year, zero-interest-bearing note to Equinox Inc.…

A: Journal entries consist of all the business financial transactions.They are recorded in…

Question

How do functional structures improve a company?
Multiple Choice
O
It allows for quicker decision making.
Marketing typically won't happen without a specific department.
Finance typically won't happen without a specific department.
Specialization increases efficiency and effectiveness.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Functional Structure

VIEW

Step 2: Advantages of functional structure

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

What is customer value? How is customer value related to a cost leadership strategy? To a differentiation strategy? To strategic positioning?
Why do managers want a high ROI, and how would they strive to increase their ROI?
Cost effectiveness is a factor that needs to be kept in high consideration in decision making. To achieve this, effective cost ascertaiment approaches may be necessary. keeping in mind that changes are taking place in the business environment due to globalization and technology innovation. Discuss the above statement in line with the overall cost accounting philosophy.
A strategy of product leadership can also be called which of the following? O Cost leadership Lean accounting Total Quality Management Differentiation
When a company is decentralized, top management will have little time to focus on long-term strategy because they will be too focused on managing day to day operations. True O False Select all of the below that are advantages of decentralization. Decentralization allows companies to duplicate costs. Decentralization provides training. Decentralization improves customer and supplier relations. Decentralization improves motivation and retention.
Please help calculate product differentiation, and cost leadership. Explain how successful has Esparza been in implementing its strategy.
The purpose of internal control is to have proper control over business. Proper control means, the business will be able to _____________ Achieve maximum efficiency Produce more goods in more time Compromise on quality Compromise on quantity
What of the following is NOT a Benefit of Activity Based Management? a.It assists in the budgeting process. b.It aids management in cost cutting and/or cost control and inferentially in product profitability. c.It causes managers to identify non-value added activities and therefore encourages thinking of means of reducing such activities. d.Is more complex than traditional accounting system because it uses multiple cost application rates, one for each activity or cost pool.
1. Explain the concept of performance evaluation and control system.2. Enumerate the advantages of performance evaluation and control system.3. Explain the rationale of transfer pricing.4. What is return on investment, and how is it calculated?5. What are the advantages and limitations of return on investment?6. What are the measurement issues to be concerned about when using return on investment?7. Define productivity.8. Why is it important for a firm that follows a strategy of being the cost leader to improve productivity?9. What is incentive compensation?10. What type of organization is best suited to incentive compensation plans?
1. What is not a cloud computing benefit? a) Accessibility improvement b) Safer storge c) A and B d) Increase cost 2. Cost that cannot be conveniently and economically traced to a cost objected is a) Direct cost b) Fixed cost c) Indirect cost d) None of above 3. Price decisions and customer profitability are an example of strategic management accounting. a) True b) False 4. Information that is required across various types of a company structure is not significantly varied. a) True b) False 5. What are internal Sources of information: a) Previous Financial statements b) Internet c) Customers
What is Return On Investment? Analyze the use of ROI and the impact that it has within an organization. What are the pros and cons of it? Please explain.
Which of the followings is NOT an advantage of financial institutions in consumption smoothing? A. They help to solve moral hazard and adverse selection issues. B. They help to share risks. C. They help to reduce transaction costs. D. They help to create more jobs.