Which of the Following Business Practices Involves Reducing the Number

question 86

Multiple Choice

Which of the following business practices involves reducing the number of organizational levels to get closer to the customer?

• A) flattening
• B) globalizing
• C) decentralization
• D) merging
• E) justifying

Plan for significant expenses by calculating required savings contributions.

Understand the financial implications of taking out loans and making investments with different terms and interest rates.

Understand the concept of heuristics and how they influence decision-making and problem-solving.

Recognize the role of overconfidence in affecting personal judgment and actions.

---

Definitions:

Accounts Payable Subsidiary Ledger

A detailed ledger that contains all individual transactions related to accounts payable.

Payments To Creditors

Money paid out by a business to settle debts owed to suppliers or lenders for goods, services, or loans.

Purchases On Account

Transactions where goods are acquired on credit, with payment to be made at a later date.

Subsidiary Ledger

A detailed ledger that contains account information to support the main general ledger accounts.