In What Type of Organization Do Most Lower-Level Decisions Need

question 4

Multiple Choice

In what type of organization do most lower-level decisions need to be approved by upper management before they can be implemented?

• A) line
• B) staff
• C) decentralized
• D) centralized
• E) learning

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Definitions:

Revenues

Aggregate income produced from the core activities of a business, mainly through the sale of goods and services.

Expenses

The outflow of money or other resources from a person or company to pay for goods or services.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenue and expenses to show net income or loss.

Revenues

The income generated from normal business operations and includes discounts and deductions for returned merchandise.