The Basis by Which Jobs Are Grouped Is Called ________

question 22

Multiple Choice

The basis by which jobs are grouped is called ________.

• A) social clustering
• B) span of control
• C) work specialization
• D) centralization
• E) departmentalization

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate budgeting in variable operational conditions.

Materials Price Variance

The difference between the actual unit price paid for an item and the standard price, multiplied by the quantity purchased.

Standard Cost

A predetermined cost of manufacturing a single unit or a number of product units during a specific period under current or anticipated conditions.

Time Of Purchase

The specific point in time when goods or services are bought, which can influence the cost and availability.