Line Authority Is the Right to Direct Others and to Require

question 69

True/False

Line authority is the right to direct others and to require them to conform to decisions,policies,rules,and objectives.

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Definitions:

Sales Returns

Sales returns refer to the process of refunding a customer for the return of goods, which results in a reduction of revenues on the seller's financial statements.

Sales Discounts

Reductions from the listed price given by a seller to a buyer as an incentive to purchase.

Expense Accounts

These accounts are used to track the money spent or costs incurred in a company's operations.