Description of Branch Organization - SS3 Accounting Past Questions and Answers - page 1
What is the purpose of establishing a branch organization?
To reduce revenue
To expand the business to new markets or areas
To reduce the customer base
To increase expenses
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What type of business structure is a branch organization?
A separate legal entity
A partnership
A sole proprietorship
Operates under the same legal entity as the parent company
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What is the responsibility of each branch in a branch organization?
To report to a different parent company
To have its own management team and staff
To have a different legal entity than the parent company
To share the same management team and staff as the parent company
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What does a branch organization allow businesses to do?
Expand their operations while maintaining a centralized management structure
Reduce their customer base
Decrease their revenue
Increase their expenses
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What can a branch organization lead to?
Decreased efficiency
Better customer service
Decreased profitability
Reduced resource allocation
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What are some benefits of a branch organization for businesses?
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How is the performance of each branch reported in a branch organization?
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