The Concept That Management Is Guaranteed the Right to Allocate

question 19

Multiple Choice

The concept that management is guaranteed the right to allocate organizational resources in the most efficient manner;to create reasonable rules;to hire,promote,transfer,and discharge employees;to determine work methods and assign work;to create,eliminate,and classify jobs;to lay off employees when necessary;to close or relocate facilities with a sixty-day notice;and to institute technological changes is referred to as ________.

• A)steward responsibility
• B)management rights
• C)council responsibility
• D)management responsibility
• E)rights and responsibility

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Definitions:

BC Prints

This term does not have a widely accepted financial definition. It might be specific to a context or an organization. NO.

DSO

Stands for Days Sales Outstanding, a measure used to calculate the average number of days it takes a company to collect payment after a sale has been made.

Disbursement Float

Disbursement float refers to the time delay between writing a check and the time the funds are actually withdrawn from the payer's account.

Chequing Account

A type of bank account that offers easy access to funds for daily transactions, allowing for deposits, withdrawals, and cheque payments.