Which of the following describes a typical functional structure?
A) Employees tend to be specialists in the business functions important to that industry such as manufacturing, marketing, finance, and human resources.
B) This is most appropriate for large corporations with many product lines in several related industries, with employees acting as specialists attempting to gain synergy among divisional activities.
C) This is most appropriate for small, entrepreneur-dominated companies with one or two product lines that operate in a small niche market, with employees acting as jack-of-all trades.
D) Employees have two or more superiors, a project manager and a functional manager.
E) This is most appropriate for large corporations with many product lines in several unrelated industries, with employees acting as specialists but with no attempt at gaining synergy among the divisions.
A
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What is the purpose of the interest maintenance reserve?
A) To absorb losses arising from sales of assets for less than their cost (capital losses) B) To absorb losses arising from the insolvency of debtors (credit losses) C) To absorb losses caused by changes (increases) in interest rates on government securities D) To absorb losses caused by guaranty fund assessments made against insurer assets
Return on assets is a very important analytical tool because it measures how effectively management is using a firm's assets to generate profits
Indicate whether the statement is true or false.