According to Katz (1974), the Hierarchy of Skills Necessary for Management

question 12

Short Answer

According to Katz (1974), the hierarchy of skills necessary for management, in sequential order, are: (1) ____________, (2) ____________ and (3) ______________ (1 being the highest level).

---

Definitions:

Distribution

The process of delivering products or services from the production or service delivery point to the end consumer.

Statement of Stockholders' Equity

A financial document that outlines the changes in the equity section of the balance sheet over a reporting period.

GAAP

Stands for Generally Accepted Accounting Principles, which are a common set of accounting principles, standards, and procedures that companies must follow when compiling their financial statements.

Cash Dividend

A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders in the form of cash.