_____ Means That Each Employee Is Held Accountable to Only

question 31

Multiple Choice

_____ means that each employee is held accountable to only one supervisor.

• A) Management principle
• B) Unity of command
• C) Work specialization
• D) Division of labor
• E) Span of management

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Definitions:

Maturity Value

The amount payable to an investor at the end of a bond's term or an investment's life.

Accrued Interest

The interest that has accumulated over a period of time but has not yet been paid by the borrower.

Contingencies

Conditional liabilities or assets that may arise due to future events, whose effects cannot be determined with certainty at the present time.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific time, showing assets, liabilities, and equity.