The Chain of Command Has All of the Following Characteristics

question 239

Short Answer

The chain of command has all of the following characteristics except
solid lines in an organization chart show the chain of command.
when the chain of command is not clear, many different kinds of problems can arise.
it shows the flow of decision-making power in a firm.
the chain of command shows both the informal and formal organizational structure.
it shows the reporting relationships within a business.

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Definitions:

Date

A specific point in time that may refer to a day, month, and year, often used in documentation and scheduling.

Insurance Account

An account used to track payments for insurance policies and the portion of the premium that has been used (expired) or is still in effect (unexpired).

Accounting Period

A specific period of time used for financial reporting, often a quarter or year, during which financial information is recorded and reported.

Debit

An entry recorded on the left side of an account ledger, representing an increase in assets or expenses or a decrease in liabilities, equity, or revenue.