Which of the Following Statements About the Future Direction of the Organizing

question 234

Multiple Choice

Which of the following statements about the future direction of the organizing function is most accurate? In the future,a major organizing trend will be to:

• A)focus on finding ways to clearly define the relationships that exist within the firm.
• B)create an organization that can achieve its results without becoming dependent on other organizations.
• C)create a unified system of several firms that can work together efficiently.
• D)find ways to concentrate more control in the hands of top management.

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Definitions:

Petty Cash

A small amount of cash on hand used for covering minor or incidental expenses within a business.

Bank Reconciliation

The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.

Checking Account Balance

The amount of money currently available for withdrawal in a person's or entity's checking account.

Outstanding Checks

Checks that have been written and recorded in the paying entity's check register but have not yet been cashed or cleared by the bank.