Match the Following: -Centralization

question 66

Multiple Choice

Match the following:
-Centralization

• A)The number of units, activities, and programs within an organization.
• B)The sequence of reporting relationships comprising the chain of command.
• C)Procedures, regulations, and job defining documents that specify an employee's role.
• D)The division of labor and specification of task requirements.
• E)Retention of decision authority at the top.

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Definitions:

Cost Of Goods Sold

The total cost incurred by a company to manufacture, acquire, and sell its products, including materials and labor costs.

Absorption Costing

Absorption costing is a method of inventory costing in which all variable and fixed manufacturing costs are included in the cost of a unit of product, distinguishing it from variable costing.

Net Operating Income

The total profit of a business after all operating expenses are deducted from gross revenue, excluding taxes and interest payments.

Corporation

is a legal entity recognized by law as a separate entity from its owners, with its own rights and obligations.