Unity of Command and the Scalar Principle Are Both Closely

question 150

Multiple Choice

Unity of command and the scalar principle are both closely related to the:

• A) amount of work specialization in an organization.
• B) degree of formalization.
• C) chain of command.
• D) amount of bureaucracy in the organization.
• E) matrix structure.

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Definitions:

Management Estimates

Judgments and assumptions made by a company's management for reporting financial figures, when a precise value cannot be determined.

Estimated Inventory Returns

An approximation of the amount of inventory that is expected to be returned by customers over a specified period.

Normal Account Balances

The typical or expected balance of an account based on its classification in accounting, such as debit for assets and credit for liabilities.

Refund Liability

An obligation recorded on the company's balance sheet, representing the expected refunds to customers for returns or dissatisfaction over a period.