A Common Characteristic of a Centralised Organisation Is

question 26

Multiple Choice

A common characteristic of a centralised organisation is

• A) democratic decision making.
• B) decision making by a few top-level managers.
• C) a flat span of management.
• D) placing decision making near the workplace.
• E) authority placed at lower levels.

Understand the federal income tax obligations of partnerships.

Identify the characteristics that define a partnership as a legal entity.

Comprehend the implications of salary allowances on the division of net income in partnerships.

Understand the advantages and disadvantages of partnerships compared to corporations.

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Definitions:

Nat Turner's Rebellion

A slave rebellion led by Nat Turner in Virginia in 1831, which resulted in the deaths of dozens of white people and led to harsher laws against slaves.

Nullification Crisis

The 1832 attempt by the State of South Carolina to nullify, or invalidate within its borders, the 1832 federal tariff law. President Jackson responded with the Force Act of 1833.

Prime Field Hand

In historical contexts, especially during slavery in the United States, a term referring to enslaved African Americans who were considered to be the most physically capable and thus assigned to demanding field labor.

Slaveholding Class

Refers to the segment of society that owned slaves, primarily found in societies with agrarian economies where slave labor was used for agricultural production.