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As prepaid insurance expires with the passage of time, the correct adjusting entry will be a
Decentralization
The distribution of decision-making powers away from a central authority within an organization to lower-level personnel or departments.
Standardization
The degree to which the range of actions in a job or series of jobs is limited.
Coordination
The set of mechanisms used in an organization to link the actions of its subunits into a consistent pattern.
Functional Specialization
The division of work into specialized tasks or roles to increase efficiency and expertise.
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