A Basic Characteristic of Decentralized Organizations Is the Delegating of Authority

question 33

True/False

A basic characteristic of decentralized organizations is the delegating of authority to people at lower hierarchical levels to make decisions and take action.

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Definitions:

Purchase Returns And Allowances

Transactions where a buyer returns goods to the seller or receives a reduction in the purchase price for unsatisfactory goods.

Purchase Discounts

Reductions in price granted by suppliers to buyers for prompt payment or purchase volume.

Net Purchases

The total amount of goods purchased for resale, minus returns and allowances, plus freight and other acquisition costs.

Net Sales

Net sales is the total revenue from goods and services sold by a business, minus returns, allowances, and discounts, indicating the actual sales revenue.