The Process of Assigning Job Activities and Related Authority to Specific

question 4

Multiple Choice

The process of assigning job activities and related authority to specific individuals in the organization is termed ________.

• A)delegation
• B)centralization
• C)job specification
• D)task identification
• E)task significance

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Definitions:

Extraordinary Gains and Losses

Unusual and infrequent events that significantly affect a company's financial performance, reported separately on the income statement to provide a clearer picture of ongoing operations.

IFRS

International Financial Reporting Standards, a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements.

GAAP

Generally Accepted Accounting Principles, a set of rules and standards designed to improve the clarity, consistency, and comparability of financial reporting across industries in the United States.