Showing Who Reports to Whom,an Organization's _____ Describes the Authority

question 95

Multiple Choice

Showing who reports to whom,an organization's _____ describes the authority relationships among people working at different levels.

• A)chain of communication
• B)organization chart
• C)power structure
• D)chain of command

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Definitions:

Single-Step

Single-step is a simplified method of preparing income statements that calculates net income or loss by subtracting total expenses from total revenues in one step.

Inventory

The raw materials, work-in-process products, and finished goods that are considered to be the portion of a business’s assets that are ready or will be ready for sale.

Current Asset

An asset that is expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.

Classified Balance Sheet

A financial statement that organizes a company's assets, liabilities, and equity into subcategories for clear understanding.