Which of the Following Is True About a Hierarchy

question 3

Multiple Choice

Which of the following is true about a hierarchy?

• A)It primarily acts as a residual claimant.
• B)It is a group of individuals who make decisions.
• C)It is an alternative to independent specialization of individual workers.
• D)It is a group of individuals who hold shares of the company and are entitled to dividends.

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Definitions:

Ratio

A relationship between two numbers indicating how many times the first number contains the second.

Wins to Losses

A ratio comparing the number of wins to the number of losses, often used in sports or other competitive situations to measure performance.

Maintain Ratio

The requirement to keep a consistent ratio, often used in the context of financial ratios by firms to ensure stability or compliance with regulations.

Solve for X

The process of determining the value of the variable X that satisfies a given equation.