Match the Options Below with the Correct Phrases

question 58

Multiple Choice

Match the options below with the correct phrases:
-unity of direction

• A)a manager's ability to exert influence
• B)the official organizational structure
• C)the establishment of one authority figure for each task
• D)the department with authority to help, assist, guide, and serve
• E)George Washington's reply, "I can not tell a lie, I did chop down the cherry tree."
• F)the department associated with the core of work
• G)Tom reports to Mary, Mary reports to John, John reports...
• H)first-line supervisors making important organizational decisions
• I)a total of seven subordinates report to the department chairperson
• J)various departments dispersed throughout the city, state, or nation

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Definitions:

Current Year

The ongoing year or the present year being referenced.

Absorption Costing

Absorption costing is a costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Manufacturing Costs

Expenditures that are directly tied to the production of goods, including raw materials, labor, and overhead expenses.

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and the government.