1) Which financial statement answers the question: How much income did the firm earn or lose during the period?

	1.	statement of net value
	2.	balance sheet
	3.	statement of cash flows
	4.	income statement
	5.	statement of retained earnings

2) Of the following, which is NOT an advantage of the functional structure?

	1.	It promotes economies of scale.
	2.	It promotes in-depth skill development of employees.
	3.	It ensures that organizations will engage in socially responsible efforts.
	4.	It can help the organization to acquire the latest and most scale-intensive machinery.
	5.	It encourages collaboration, efficiency, and quality within the function.