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 type of organizational structure is often used for temporary projects?

Network structure

Functional structure

Divisional structure

Matrix structure

Previous problemNext problem

Verified step by step guidance

Understand the question: The problem is asking about the type of organizational structure often used for temporary projects. This requires knowledge of organizational structures and their purposes.

Review the concept of a Matrix structure: A Matrix structure is a hybrid organizational structure that combines elements of both functional and project-based structures. It is designed to facilitate collaboration and resource sharing across departments for temporary projects.

Compare with other structures: Network structures focus on external partnerships, Functional structures group employees by specialization, and Divisional structures organize by product or geography. None of these are specifically designed for temporary projects.

Recognize the key feature of the Matrix structure: It allows employees to report to both a functional manager and a project manager, making it ideal for temporary projects that require cross-functional collaboration.

Conclude that the Matrix structure is the correct answer because it is specifically designed to handle temporary projects efficiently by leveraging resources and expertise from multiple departments.