Question

1, An organization that groups its activities into specific phases of the service or product

A, Product

B, Process

C, Functional

D, Geographical

2, an industrial market market transaction takes place whenever a good or service is

a/ a high-technology component

b/personal consumption

c/agricultural production

d/government use

3. The management of company is deciding whether to replace an old machine with a never model.If tax consideration are ignored, which of the following be considered

A, The installation cost of the new machine

B, The accounting loss resulting from disposal of the old machine

C, The additional working capital required to use the new machine

D, The costs incurred to remove the old machine

Answer 1

1. Functional

In a functional structure , an orginasation is subdivided into groups of specific functions it is responsible for the organisation.

2. Government use

When ever the government purchases goods and services , it is a part of industrial transaction.

3. The installation cost of the new machine

The installation cost is added to the cost of the machine. Similarly the cost of uninstalling a machine will be a cost on the old machine rather than the new one.

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