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Match the Following Terms with the Definitions Below

Question 58

Matching

Match the following terms with the definitions below.

Premises:
A collection of activities that takes one or more kinds of input and creates an output that is valued by customers.
The set of policies and procedures that promotes operational efficiency,accurate accounting information, and compliance with laws and regulation.
A structure in which activities and people are arrange by functions.
A company's long-term plan for using its resources both physical and human.
Activities that involve the purchase and sale of long-term assets and other major items to achieve the business's strategy.
The profit-making activities of a business enterprise.
Activities that involve obtaining the cash or other resources as means to pay for long-term assets, to repay borrowed funds, and provide a return to owners.
A structure in which activities and people are arrange in cross-functional teams.
Responses:
Mechanistic organizational structure
Business process
Organizational strategy
Organic organizational structure
Investing activities
Internal control system
Financing Activities
Operating process

Correct Answer:

A collection of activities that takes one or more kinds of input and creates an output that is valued by customers.
The set of policies and procedures that promotes operational efficiency,accurate accounting information, and compliance with laws and regulation.
A structure in which activities and people are arrange by functions.
A company's long-term plan for using its resources both physical and human.
Activities that involve the purchase and sale of long-term assets and other major items to achieve the business's strategy.
The profit-making activities of a business enterprise.
Activities that involve obtaining the cash or other resources as means to pay for long-term assets, to repay borrowed funds, and provide a return to owners.
A structure in which activities and people are arrange in cross-functional teams.
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