Which of the Following Defines the Relationships of Authority from One

question 142

Multiple Choice

Which of the following defines the relationships of authority from one level of organization to the next, from top to bottom?

• A) chain of accountability
• B) chain of order
• C) chain of command
• D) functional chain

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Definitions:

Cash Available

Refers to funds that a company or individual can immediately use or access for payments, investments, or other financial needs.

Disbursements

Payments made by a business, often involving cash outflows for operating expenses, acquisitions, or investments.

Ending Cash Balance

The amount of cash a company has at the end of a given period, reflecting all cash inflows and outflows during that period.

Cash Disbursements

Outflows of cash for various purposes, including operating expenses, asset purchases, and other business activities.