Each person in a line organization is directly accountable to the person immediately above.
Answer the following statement true (T) or false (F)
True
A line organization typically has a clear, simple chain of command from top to bottom. Each person is directly accountable to the person immediately above, which means quick decision making and no fuzziness about who is responsible for what. See 14-4: Organizing: Fitting Together the Puzzle Pieces
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On January 1, 2018, Denver Services issued $20,000 of 8% bonds that mature in five years. The bonds were issued for $19,000.
Prepare the journal entry to issue bonds. Omit explanation.
What was Jett's penalty for his actions at Kidder Peabody?
a. He was sentenced to federal prison for 5 years b. He was banished from the securities business for life c. He was required to repay Kidder all the money he lost d. Both a and c
On August 1 of the current year, Terry refinances her home and borrows $240,000. Terry is required to pay two points on the loan. The loan is secured by the residence and the charging of points is an established business practice in the area. The term of the loan is 20 years, beginning on August 1 of the current year. How much, if any, of the points may Terry deduct in the current year?
A) $0 B) $100 C) $240 D) $4,800
An ideal password should be eight characters or longer
Indicate whether the statement is true or false