The Principle of ___________ Holds That a Person in an Organization

question 6

Multiple Choice

The principle of ___________ holds that a person in an organization should have just one immediate boss.

• A) accountability
• B) chain of command
• C) hierarchy
• D) unity of command

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available to fund operations.

Current Ratio

A financial metric assessing a firm's capability to meet its short-term debts, determined by dividing its current assets by its current liabilities.

Days' Sales

The metric used to evaluate how efficiently a company can convert its inventory into sales, often expressed as days' sales in inventory.

Receivables

All money claims against other entities, including people, business firms, and other organizations.