A Good Organizational Scheme Will Have How Many Levels of Organization

question 88

Multiple Choice

A good organizational scheme will have how many levels of organization?

• A)It depends on the terms being organized.
• B)As many levels as possible.
• C)Two or three levels.
• D)Three or four levels.
• E)Four or five levels.

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Definitions:

Current Portion

Refers to the portion of long-term debt or leases that is due to be paid within the next year.

Long-Term Debt

Loans and financial obligations lasting more than one year used by businesses to finance their operations.

Accounts Receivable

Amounts receivable by a business from its clients for goods or services that have already been delivered, but payment is pending.

Inventory

The complete inventory of products and materials that a business keeps for the aim of selling or using in manufacturing.