By Requiring All Employees to Follow Specific Procedures, Agatone Inc

question 59

Multiple Choice

By requiring all employees to follow specific procedures, Agatone Inc. is following

• A)formalization.
• B)standardization.
• C)unity of command.
• D)delegation.
• E)concentration.

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Definitions:

Tax Rate

The percentage at which an individual or corporation is taxed.

Net Incomes

The total earnings of a company after deducting all expenses and taxes, indicating the financial performance over a period.

Non-controlling Interest

A portion of the equity (ownership) in a subsidiary not owned by the parent company, reflecting the minority shareholders' claim on assets and earnings.

Equity Method

An accounting technique used by companies to record their investments in other companies, where the investment is recorded at original cost and adjusted for the investor's share of the investee's net income or loss.