Which of the Following Statements Best Describes Bureaucracy

question 48

Multiple Choice

Which of the following statements best describes bureaucracy?

• A) A bureaucracy is a large organization, structured hierarchically, that carries out specific functions.
• B) The bureaucracies work in a cyclical fashion with Congress to create and implement laws.
• C) Public bureaucracies serve the federal government.
• D) All public bureaucracies report to the president and operate under direction from his office.
• E) State bureaucracies provide financial assistance to the national bureaucracy.

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Definitions:

Intra-entity Transfer

Transactions involving assets, services, or funds between units or divisions within the same legal entity.

Consolidated Income Statement

A financial statement that presents the overall income of a corporation and its subsidiaries as a single entity.

Deferred

In finance, this term refers to transactions or events that are postponed to a future date.

Consolidated Worksheet

A tool used in the preparation of consolidated financial statements, summarizing the financial positions and operations of a parent company and its subsidiaries.