A Diagram of an Organization's Official Positions and Formal Lines

question 62

Multiple Choice

A diagram of an organization's official positions and formal lines of authority refers to a(n)

• A) fishbone diagram.
• B) organization chart.
• C) flow chart.
• D) position chart.
• E) pattern diagram.

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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing owners' claims on the company's resources.

Increase Assets

The process by which a company's resources, valuable to its operations and financial growth, are augmented or enlarged.

Decrease Assets

A reduction in the total value of assets owned by an entity, occurring through expenses, losses, asset disposals, or using up assets in operations.

Financial Statement

Formal records of the financial activities and position of a business, person, or other entity, which include the balance sheet, income statement, and cash flow statement.