The Difference Between Assets and Liabilities of a Company Is

question 12

True/False

The difference between assets and liabilities of a company is referred to as owner's equity.

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Definitions:

Decentralized

A type of organizational structure where decision-making authority is distributed throughout various levels rather than being concentrated at the top.

Flatter Organizational Structure

A type of organizational design with fewer levels of middle management to promote faster decision-making, increased flexibility, and more employee autonomy.

Formal Hierarchy

An organizational structure where individuals are ranked according to levels of authority and responsibility, often visually represented as a pyramid.

External Environment

The outside factors and influences that affect the operation and performance of an organization.