As Companies Restructure to Create Greater Efficiencies in Their Operations

question 51

Multiple Choice

As companies restructure to create greater efficiencies in their operations, there is a greater opportunity for where management combines specialized tasks in one job, and asking employees to broaden their scope of responsibilities.

• A)job enlargement
• B) job simplification
• C) job specialization
• D)job confrontation

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Definitions:

Cash Basis

Cash basis is an accounting method where revenues and expenses are recorded only when cash is received or paid, regardless of when the transactions occurred.

Accounting Period

A specific time period at the end of which an entity prepares financial statements to assess its financial performance and position.

Budgeting

The process of creating a plan to spend your money, allocating the estimated income towards various categories of expenses.

Financial Statements

Summary reports that convey the financial activities and condition of a business or individual.