A System That Groups Activities on the Basis of Work

question 28

Multiple Choice

A system that groups activities on the basis of work or customer flow is known as ________.

• A)unity of command
• B)scalar chain
• C)process departmentalization
• D)control departmentalization
• E)individualized departmentalization

---

Definitions:

Amortized

The process of gradually paying off a debt or reducing the value of an intangible asset through regular payments over a set period.

Patent

A government-granted exclusive right for an invention, giving the patent owner the right to exclude others from making, using, or selling the invention for a certain period.

Net Income

Net income is the total earnings of a company after subtracting all expenses, taxes, and losses, indicating the company's profitability during a specific time period.

Fair Value

The amount it would take to sell an asset or transfer a liability in a regulated deal between parties in the market at the time of evaluation.