The line of authority that extends from upper organizational levels to lower levels, clarifying who reports to whom, is known as the ________.
A. employee power distance
B. unity of command
C. span of control
D. chain of command
Answer: D
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An investor that uses the equity method of accounting for its investment in a 40 percent-owned investee that earned $50,000 and paid $8,000 in dividends, made the following entries: Investment in Equity Securities 20,000 Equity in Earnings of Investee 20,000 Cash 3,200 Dividend Revenue 3,200 What effect will these entries have on the parent corporation's statement of financial position?
a. Investment in subsidiary understated, retained earnings understated. b. Investment in subsidiary overstated, retained earnings overstated. c. Investment in subsidiary overstated, retained earnings understated. d. Financial position will be fairly stated.
When does a “doing first strategy” work best?
a. When creativity, commitment, and communication are most essential b. When the situation is novel and confusing c. When data are clear and reliable d. When discipline can be established in routine processes
List and describe the various types of bonds
What will be an ideal response?
The parties to a contract may modify the agreement with no additional consideration by simply substituting a new contract
Indicate whether the statement is true or false