____ Is the Systematic Distribution of Power and Authority to Middle

question 152

Multiple Choice

____ is the systematic distribution of power and authority to middle and lower-level managers throughout the organization.

• A) Decentralization
• B) Delegation
• C) Specialization
• D) Job design
• E) Centralization

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Definitions:

Adjusting Entries

At the end of a financial period, entries are made in the books to correctly allocate profits and outlays to the period they belong to.

Inter-Relationship of Accounts

The connection and impact that different financial accounts have on each other within the accounting system.

Operations

The day-to-day activities involved in running a business that are necessary for producing and delivering its goods and/or services to the market.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.