The Principle of Specialization Maintains That No Person in an Organization

question 113

True/False

The principle of specialization maintains that no person in an organization should report to or be supervised by anyone else other than one's boss.

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Definitions:

Corporate Income Tax

A tax imposed on the net income or profit of corporations, calculated as a percentage of their earnings.

Working Capital

The gap between a business's present assets versus its current debts, showcasing the liquid funds for operational needs.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets, calculated as current assets divided by current liabilities.

Acid-Test Ratio

An economic indicator assessing the capability of a business to fulfill its immediate liabilities using its most liquid assets, without counting inventory.