Which of the Elements of Structure Includes Making Efficient Use

question 41

Multiple Choice

Which of the elements of structure includes making efficient use of workers' diverse skills?

• A)chain of command
• B)departmentalization
• C)work specialization
• D)authority

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Definitions:

Going-Concern Assumption

An accounting principle assuming that a company will continue to operate indefinitely and not go bankrupt, impacting financial decisions and reporting.

Full Disclosure

The principle that requires a company to provide all necessary information in its financial statements to ensure they are complete and accurate.

Historical Cost

The original monetary value of an asset or investment, without adjusting for inflation or appreciation over time.

Revenue Recognition

The accounting principle that determines the specific conditions under which income becomes realized as revenue.