When an Organization Puts Managers in Charge of the Three

question 54

Multiple Choice

When an organization puts managers in charge of the three basic activities:

• A) The manager's span of control is increased.
• B) A line-and-staff organization is formed.
• C) The unity of command principle is violated.
• D) A line organization is formed.

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Definitions:

Waste Management System

A systematic approach to handling both disposal and recycling of waste materials in an environmentally friendly manner.

Liquidating Dividend

A type of dividend paid by a company to its shareholders from its capital rather than its earnings, often signaling the company is dissolving its assets.

Retained Earnings Restrictions

Limitations or constraints placed on the portion of earnings that are not distributed as dividends but kept within the company for reinvestment or other purposes.

Prior Period Adjustment

Adjustments made to the accounts to rectify errors or omissions in the financial statements of previous periods.