An Organization Chart Shows All of the Following EXCEPT

question 40

Multiple Choice

An organization chart shows all of the following EXCEPT:

• A) the level of management hierarchy.
• B) the levels of authority used.
• C) chain of command.
• D) the division and type of work.

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Definitions:

Cost of Goods Sold

The immediate expenses related to the creation of products sold by a business, which include costs for materials and labor.

Merchandising Firm

A business that purchases goods and resells them at a profit without changing their basic form.

Manufacturing Firm

A business engaged in the industrial production of goods from raw materials through the use of labor and machinery.

Conversion Costs

The combined costs of direct labor and manufacturing overheads that are incurred to convert raw materials into finished goods.