Office Management Problems Are Often Prevented by Clearly Defining the Responsibilities

question 29

Multiple Choice

Office management problems are often prevented by clearly defining the responsibilities and authority of each employee. Office managers claim that friction among workers is their most common personnel problem.

• A) Both statements are true.
• B) Both statements are false.
• C) The first statement is true; the second is false.
• D) The first statement is false; the second is true.

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Definitions:

Public Company Accounting Oversight Board (PCAOB)

A nonprofit corporation established by Congress to oversee the audits of public companies in order to protect the interests of investors.

Investment Company Act of 1940

A law that regulates investment companies and the activities they engage in, including mutual funds, to protect the interests of investors.

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are professionally managed.

Trading in Securities

The practice of buying and selling stocks, bonds, and other financial instruments, typically for short-term profit.