Establishing common routines and operating procedures that apply uniformly to everyone is called
A. concentration.
B. delegation.
C. formalization.
D. accountability.
E. standardization.
Answer: E
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a. True b. False Indicate whether the statement is true or false
Two common classifications of liabilities are ________ and ________
a. current liabilities; long-term liabilities b. current assets; current liabilities c. current assets; property, plant, and equipment d. property, plant, and equipment; long-term liabilities
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