Balance of Payments Between Nations Is Based on Which of the Following

question 53

Multiple Choice

Balance of payments between nations is based on which of the following principles of accounting?

• A)Debit only.
• B)Credit only.
• C)Factor analysis.
• D)First in, last out.
• E)Double entry accounting.

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Definitions:

Centralization

The concentration of decision-making authority at the top levels of organizational hierarchy, limiting the autonomy of lower-level employees.

Specialized Jobs

Positions that are focused on a narrowly defined set of tasks, requiring specific skills and knowledge.

Formal Hierarchy

The organized structure of roles and responsibilities within an organization, often depicted in an organizational chart.

Narrow Span

Refers to a managerial structure where each manager oversees a small number of subordinates, allowing for more close-knit supervision and communication but potentially increasing organizational layers.