After Responsibility for a Task Is Assigned,which of the Following

question 68

Multiple Choice

After responsibility for a task is assigned,which of the following comes next?

• A) the centralization of the task
• B) the liability of the task
• C) the span of control is decided
• D) the work team is created
• E) the granting of authority

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Definitions:

Tiered Corporate Group

A hierarchical structure where a parent company controls subsidiary companies, which in turn may control their own subsidiaries, creating multiple levels of entity relationships.

Control

The power to govern the financial and operating policies of an entity so as to obtain benefits from its activities, often through ownership of a majority of voting rights.

Sequential Consolidation Method

A process of combining financial statements of a parent company and its subsidiaries one at a time in a specific sequence.

Disadvantages

Refers to the drawbacks or limitations that may hinder success or efficiency in a specific context.