When an organization is grouped around product line, and each line encompasses all functional resources needed to achieve its goal, the company is utilizing a functional structure

The effect of a hold-harmless clause is that it

A. warrants that the property presents no risks. B. indicates the property is to be sold "as is." C. means the owner agrees to indemnify the agent for losses suffered because of the owner's failure to disclose or the owner's incorrect disclosure. D. does none of these.

The purpose of managing current assets and current liabilities is to ________

A) achieve a balance between short-term and long-term financing of a firm B) achieve as low a level of current liabilities as possible C) achieve a balance between profitability and risk that contributes to a firm's value D) achieve as high a level of current liabilities as possible