An Organizational Hierarchy Is

question 3

Multiple Choice

An organizational hierarchy is:

• A) The internal structure of how policy is formed.
• B) An explanation of the nation's judicial system.
• C) Absolute power and authority.
• D) The chain of command that gives high-level executives power in decision making.

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Definitions:

Bonds Payable

Long-term debt instruments issued by a company to investors, promising to pay back a specified sum of money at a future date along with periodic interest payments.

Cash Dividends

Payments made by a corporation to its shareholders from earnings, usually in the form of cash.

Direct Method

A methodology applied in cash flow statements to present major classes of gross cash receipts and payments, offering a clear view of cash flow from operating activities.

Current Asset

Assets that are expected to be converted into cash, sold, or consumed within one year or a business cycle, whichever is longer.