Which One of the Following Is the Major Reason for the Establishment

question 60

Multiple Choice

Which one of the following is the major reason for the establishment of informal communication networks?

• A)lack of formal organizational communication channels
• B)desire for information that is not furnished formally
• C)inability of managers to communicate effectively
• D)vertical nature of the organizational structure
• E)lack of necessary rules and regulations within the organization

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Definitions:

Unearned Revenue

Income received by a company for goods or services that have not yet been delivered or performed; it is recorded as a liability on the balance sheet until the goods or services are provided.

Rental Payments

Periodic payments made by a lessee to a lessor for the use of an asset.

Received

A term denoting that something has been accepted or collected, often used in financial transactions or in the acknowledgment of messages or goods.

Adjusting Entry

An accounting journal entry made at the end of an accounting period to allocate income and expenditures to the appropriate period.