What Is an Organizational Position

question 14

Multiple Choice

What is an organizational position?

• A) a job in relation to other parts of the organization
• B) the title given to a certain level within an organization
• C) an employee's specific work and task activities in an organization
• D) the specific role and expectations with respect to a given job

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Definitions:

Journal Entry

A record of the financial transactions in the accounting books of a business, showing the accounts and amounts debited and credited.

Net Realizable Value

The estimated selling price of inventory in the ordinary course of business minus any costs of completion, disposal, and transportation.

Allowance for Doubtful Accounts

This is a contra account that reduces accounts receivable to reflect the estimated amount of debts that may not be collected.

Accounts Receivable

Financial obligations of customers to a firm for delivered or utilized goods or services that remain unpaid.