When Work Activities Are Too Complex to Standardize Through Procedures

question 70

Multiple Choice

When work activities are too complex to standardize through procedures or goals, companies often coordinate work effort:

• A)by giving one employee most of the tasks previously divided among many people.
• B)by extensively training employees.
• C)through formal hierarchy.
• D)through further division of labour.
• E)through direct supervision.

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Definitions:

Cash Basis

An accounting method where revenue and expenses are recognized only when cash is received or paid out, respectively.

Receivables

Money owed to a company by its customers or clients for goods or services provided that have not yet been paid for.

Payables

Payables, also known as Accounts Payable, are liabilities of a company that represent money owed to creditors for goods and services received but not yet paid for.

Accrual Basis

An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.