Orders and Instructions Should Flow from the Higher Manager to the Lower

question 10

Multiple Choice

Orders and instructions should flow from the higher manager to the lower one.What is this concept called?

• A)division of work
• B)chain of command
• C)unity of direction
• D)unity of command

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Definitions:

Posting

Posting refers to the process of transferring entries from a company's journal into their respective accounts in the general ledger.

Financial Statements

Summarized records of a company's financial activities and position, typically comprising the balance sheet, income statement, and cash flow statement.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing the net assets held by shareholders.