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The Principle That Similar Activities in an Organization Should Be

question 67

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The principle that similar activities in an organization should be grouped together under one manager is the essence of the classical perspective known as:


Definitions:

Payment of Invoice

A financial transaction that involves the settlement of a bill for goods or services provided.

Supplies

Items used in the day-to-day operations of a business, such as office supplies, which may be consumable or expendable.

Journal Entry

A record in accounting that notes every transaction, detailing the debits and credits for financial reporting purposes.

Building Purchase

The acquisition of a physical structure intended for use in operations or as an investment, through payment or financing.

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