Describe the typical organization chart. What is a horizontal relationship compared to a vertical one? A solid line versus a dotted one?
What will be an ideal response?
An organization chart is a box-and-lines illustration showing the formal lines of authority and the organization's official positions or work specializations (see Figure 8.4).
Two kinds of information that organization charts reveal about organizational structure are (1) the vertical hierarchy of authority—who reports to whom, and (2) the horizontal specialization—who specializes in what work.
Line positions (authority to make decisions) are indicated on the organization chart by a solid line (usually a vertical line). Staff positions (authority functions that provide advice, recommendations, and research) are indicated on the organization chart by a dotted line (usually a horizontal line).
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________ are confidential information or knowledge that has commercial value
A) Copyrights B) Trade secrets C) Trademarks D) Patents
An auditor maintains no direct financial interest in the company he or she is auditing. The principle being followed is
A) independence. B) integrity. C) objectivity. D) due care.
A guideline provided in the text states that good selling involves 40 percent presentation, 20 percent preparation, and 40 percent follow-up.
Answer the following statement true (T) or false (F)
Both activity-based management (ABM) and just-in-time (JIT) seek to eliminate or reduce nonvalue-adding activities and to improve the allocation of resources
Indicate whether the statement is true or false