The Principle That Each Employee Should Report to Only One

question 35

Multiple Choice

The principle that each employee should report to only one manager is called ________.

• A)authorized line of responsibility
• B)unity of command
• C)chain of command
• D)span of control

Comprehend the role and perception of leadership credibility in the context of ethical decision-making.

Understand the concept and implications of budget balance, deficit, and surplus within the framework of fiscal policy.

Comprehend the roles and effects of automatic stabilizers in an economy, including their advantages and how they function during economic fluctuations.

Grasp the foundational principles of the multiplier effect and its impact on national income and employment levels.

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Definitions:

Commercial Substance

A situation where the future cash flows of a business are expected to change significantly as a result of a transaction.

Plant Assets

Long-term tangible assets used in the operation of a business that are not intended for sale.

Recognized Immediately

The principle of recording revenues or expenses in the accounting period when they occur, regardless of when cash is received or paid.

Asset Turnover

A financial ratio indicating how efficiently a company uses its assets to generate sales.