As Bret Prepares to Open His New Business,he Has Identified

question 144

Multiple Choice

As Bret prepares to open his new business,he has identified the tasks that need to be accomplished and has assigned employees to each task.This illustrates a:

• A)management departmentalization.
• B)division of labor.
• C)specialization of priorities.
• D)mass production economies.

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Definitions:

Patents

Exclusive rights to produce and sell goods with one or more unique features.

Account Group

A classification system used in accounting to organize and categorize financial transactions and balances.

Assets

Assets are resources owned or controlled by a business or individual that have economic value and can provide future benefits, including cash, property, and equipment.

Horizontal Analysis

A method of financial analysis in which figures in financial statements over different periods are compared line by line to identify trends.