Answer the following statement(s) true (T) or false (F)
1. In a centralized business, a large amount of authority is delegated.
2. During normal non-crisis periods most firms today prefer a decentralized structure that encourages employee empowerment.
3. Specialization is a core concept in the division of labor.
4. Many organizations utilize both staff and line authority structures. In such structures the unity of command principle is often violated.
5. The flow of authority and responsibility in a clear, unbroken line from the highest to the lowest manager is called the scalar principle.
1. FALSE
2. TRUE
3. TRUE
4. TRUE
5. TRUE
You might also like to view...
Directional testing is important to an auditor because of which of the following factors?
a. Certain accounts are more prone to be misstated by overstatement than others. b. The auditor must remain organized when conducting an audit. c. The primary concern of the auditor is the understatement of asset and revenue accounts. d. It tests for existence and completeness simultaneously.
Which of the following is a profitability ratio?
A) Return on equity B) Days' inventory on hand C) Price/Earnings ratio D) Quick ratio
Which of the following best describes accounting?
a. can be thought of as the "language of business" b. relies upon concepts and principles that are independent of specific user needs c. records economic data but does not communicate the data to users d. is of limited or little use to individuals outside of the business
Some companies follow Twitter to learn what customers think of them without participating in Twitter
Indicate whether the statement is true or false