Supervisory Obligations Such as Achieving Unit Goals,keeping Costs Within Budget,following

question 35

Multiple Choice

Supervisory obligations such as achieving unit goals,keeping costs within budget,following organizational policies,and motivating employees fall under the heading of ________.

• A)accountability
• B)responsibility
• C)functional authority
• D)line authority
• E)unity of command

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Definitions:

Total Assets

The sum of all assets owned by an entity, including both current and non-current assets, reflecting the total resources at its disposal.

Fixed Asset Turnover

A financial ratio that measures a company's efficiency in using its fixed assets to generate sales.

Net Fixed Assets

The value of a company's property, plant, and equipment minus depreciation, indicating the tangible assets used in operations.

Receivables Turnover

A ratio that measures a company's efficiency in collecting its sales on credit over a period of time.