Complete the Following Using the Terms Listed Below

question 170

Multiple Choice

Complete the following using the terms listed below.
-People who make decisions on their own without consulting subordinates are _____.

• A)corporate culture
• B)top management
• C)line organization
• D)management
• E)departmentalization
• F)organization
• G)delegation
• H)matrix
• I)span of management
• J). controlling
• K)decentralization
• L)chain of command
• M)SWOT analysis
• N)contingency planning
• O). nonprogrammed decision
• P). autocratic leaders
• Q). human skills
• R). mission statement
• S). competitive differentiation
• T). empowerment

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Definitions:

Liabilities

Financial obligations or debts that an entity owes to others, which are expected to be settled over time through the transfer of economic benefits.

Accumulated Depreciation

Accumulated depreciation represents the total amount of depreciation expense that has been recorded against a fixed asset since it was acquired and put into use.

Retained Earnings

The amount of net income left over for a business after it has paid out dividends to its shareholders.

Journalizing

Journalizing is the process of recording transactions in the accounting journals as part of the double-entry bookkeeping system.