Which of the Following Is a Common Basis of Relatedness

question 6

Multiple Choice

Which of the following is a common basis of relatedness?

• A)Industry or sector
• B)Process technology
• C)Customer segment
• D)Intellectual property

Understand the concept of electronic funds transfer (EFT) and its importance.

Recognize the need for journal entries post-reconciliation to update the book balance.

Differentiate between debit and credit memorandums in the context of bank transactions.

Understand the setup and replenishment process of a petty cash fund.

---

Definitions:

Hierarchical Structure

An organizational structure where entities are ranked one above the other according to authority or status.

Managerial Overrides

When a manager or leader bypasses existing procedures, policies, or systems, often to make a decision or take direct action.

Bureaucracy

A system of government or management involving multiple layers of administration, strict policies, and rigid adherence to rules.

Formal Chain

refers to a structured sequence of command or a series of roles within an organization, through which official communication is passed.