Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

Previous problemNext problem

Struggling with Financial Accounting?

Join thousands of students who trust us to help them ace their exams!Watch the first video

Multiple Choice

Which of the following is a type of divisional structure in business organizations?

Product-based divisional structure

Network structure

Matrix structure

Functional structure

Previous problemNext problem

Verified step by step guidance

Understand the concept of divisional structure: A divisional structure is a type of organizational structure where the company is divided into semi-autonomous units or divisions, each responsible for its own operations and performance.

Identify the types of divisional structures: The most common type is the product-based divisional structure, where divisions are organized based on the products or services offered by the company.

Differentiate divisional structures from other organizational structures: For example, a functional structure organizes employees based on their specific functions (e.g., marketing, finance), while a matrix structure combines functional and project-based structures, and a network structure focuses on external partnerships and collaborations.

Recognize that the product-based divisional structure is a type of divisional structure: This structure allows each division to focus on a specific product line, making it easier to manage and adapt to market changes.

Conclude that the correct answer is 'Product-based divisional structure,' as it is the only option listed that represents a type of divisional structure in business organizations.