The line of authority that moves from the top of a hierarchy to the lowest level is called the
A. chain of command.
B. chain of logic.
C. organizational design.
D. delegation of contingent authority.
Answer: A
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The recipient of a taxable stock distribution will have a tax basis in the stock equal to the fair market value of the stock received.
Answer the following statement true (T) or false (F)
Garner, Inc determined that it had incorrectly estimated both the estimated life and the estimated residual value of equipment that it purchased two years ago. When Garner accounts for the change in accounting estimates, it must depreciate the remaining book value of the asset over the current and future accounting periods
a. True b. False Indicate whether the statement is true or false
Which of the following is a type of identity theft that uses deceptive e-mails and fraudulent Web sites to fool consumers into revealing their personal data?
A) cold calling B) crowdcasting C) viral marketing D) phishing E) crowdsourcing
The performance measurement system should encourage each manager to act in a manner that
a. makes the manager's units profits as high as possible. b. most positively supports the organization's mission and competitive strategies. c. increases his/her performance reward in the form of profit sharing. d. reduces the need for informational elements in support of the manager's planning function.