In Scenario A,each Manager Has Ten Supervisors Who Are Required

question 32

Multiple Choice

In Scenario A,each manager has ten supervisors who are required to report to them.This is an example of:

• A) unity of command.
• B) span of control.
• C) corporate governance.
• D) delegation.
• E) concentration.

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Definitions:

Paying Interest

The act of compensating lenders for the use of their funds, typically expressed as a percentage of the principal amount borrowed.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be converted to cash in the short term, such as property, plant, and equipment.

Investing Activities

Activities such as purchase and sale of plant and equipment and placing excess cash in stocks, bonds, and notes of other companies.

Purchase

A Purchase refers to the acquisition of goods or services in exchange for money, contributing to the assets or expenses of a business.