A matrix approach is a hybrid form of departmentalization where managers and staff personnel report to the superiors, the functional and divisional managers.

• TRUE

• FALSE

Which is NOT included in the levels of competition?

• generic

• desire

• form

• brand

Alice is engaged in mapping out exact specific objectives and determining the most valuable course of action required in achieving the objectives, which functions of management are shown in the situation?

Abelle as one of the creditors wants to know the financial position and results of operations of the business investment. Is she allowed to know the details of the company’s financial status?

• TRUE

• FALSE

Which provides the resources and materials needed by the company to manufacture goods and develop services?

• competitors

• intermediaries

• publics

• suppliers

Which title of accounts includes the amounts owed to others like salaries payable, taxes payable, and interest payable?

• accrued payable

• accounts payable

• unearned revenues

• utilities payable

Which products are purchased for further processing or for use in conducting a business?

It refers to the group of people who knows about the company and who can see the campaigns and products of the company.

Ronnie received a promissory note issued by the client for the goods he received, which title of accounts he should use to record the transaction in the SJE?

• accounts receivable

• cash equivalents

• notes receivable

• prepaid expense

Which consists of factors that affect the purchasing power and spending patterns of consumers?

• economic

• demographic

• political

• technological