The ________ Determines the Number of Levels and Managers in an Organization

question 81

Multiple Choice

The ________ determines the number of levels and managers in an organization.

• A) delegation of authority
• B) unity of command
• C) chain of command
• D) span of control

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Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries are made, used to prepare financial statements.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts to permanent ones, preparing the company's books for the next period.

Fabricated Products Company

A business that specializes in manufacturing and selling products made from raw materials through various processes.

Income Statements

An income statement is a financial document summarizing a company's revenues, expenses, and profits over a specified period.