A Typical Organization Chart Showing Delegation of Authority Would Show

question 120

Multiple Choice

A typical organization chart showing delegation of authority would show

• A) stockholders delegating to the board of directors.
• B) the board of directors delegating to stockholders.
• C) the chief executive officer delegating to the board of directors.
• D) the controller delegating to the chief executive officer.

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Definitions:

Remittance

The act of sending money in payment or as a gift.

Discount Period

The time frame during which a payment can be made with a discount for early payment or the period before a financial instrument's maturity.

Discount Date

The date on which a discount becomes available or when an invoice must be paid to receive a discount.

Due Date

The specific date by which a task, assignment, payment, or project is to be completed or submitted.