Concepts Such as Chain of Command and Authority Are Considerably

question 114

Multiple Choice

Concepts such as chain of command and authority are considerably less relevant today because of things like __________.

• A) span of control
• B) empowerment
• C) information technology
• D) conflicting demands of multiple bosses

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Definitions:

Consolidated Sales

Consolidated sales refer to the total revenue generated from all divisions, subsidiaries, and affiliated companies of a parent company, combined into a single figure.

Functional Currency

The currency of the primary economic environment in which a company operates, used in its financial reporting.

Subsidiary

A company controlled by another company, often referred to as the parent company, through ownership of more than half of its stock.

U.S. Dollar

The official currency of the United States, commonly used worldwide as a standard of exchange.