Match the Options Below with the Correct Phrase

question 83

Multiple Choice

Match the options below with the correct phrase:
-functional departmentalization

• A)direct authority between managers and subordinates
• B)an obligation to accomplish assigned tasks
• C)a graphic illustration of the formal positions and functional work areas of the company
• D)the authority to serve in an advisory capacity
• E)the degree to which group members bond together
• F)the formal right to make decisions
• G)the produce or meat department in a grocery store
• H)the marketing, shipping & receiving, and accounting departments
• I)granting decision-making authority to subordinates
• J)the spontaneous and natural network of relationships in an organization

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Definitions:

Standard Mileage Rate

The IRS-set rate per mile that taxpayers can use to calculate deductions for business, charitable, medical, or moving purposes when using a vehicle.

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life to account for the decline in value over time.

Lease Payments

Regular payments made by a lessee to a lessor for the use of an asset over a specified period.

Sole Proprietor

An individual who owns and operates a business alone, bearing full responsibility for its debts and liabilities.