The Manner in Which Employees Are Clustered into Units, Units

question 29

Multiple Choice

The manner in which employees are clustered into units, units into departments, and departments into divisions or other larger categories is referred to as ____.

• A)departmentalization
• B)critical path
• C) delegation
• D) span of control

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold.

Acid-Test Ratio

A financial indicator that evaluates the capability of a firm to settle its short-term obligations using its most readily convertible assets, not including inventory.

Year-End Balance Sheet

A financial statement that displays a company's assets, liabilities, and stockholders' equity as of the last day of the financial year.

Data

Information that is collected, stored, analyzed, and interpreted to support decision-making processes.