Identify a True Statement About Span of Control

question 8

Multiple Choice

Identify a true statement about span of control.

• A) The lesser time managers spend on coordination, the lesser the span of control.
• B) The more complex the functions performed by subordinates, the greater the span of control.
• C) The more people the manager supervises, the greater the span of control.
• D) The closer subordinates are physically, the lesser the span of control.

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Definitions:

Compounded Quarterly

involves calculating and adding interest to the principal four times a year.

Compounded Semiannually

Interest calculation method where the interest is added to the principal sum every six months, thereby earning interest on interest.

Promissory Note

A financial instrument in which one party (the maker) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand.

Missing Interest Rate

The not specified or unidentified rate of interest in a financial context.