Fayol Believed That the Amount of Decision-Making Power Vested in Top

question 110

True/False

Fayol believed that the amount of decision-making power vested in top management should be the same in all situations.

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Definitions:

Revenue Account

An account that tracks the income generated from normal business operations, such as sales of goods or services.

Credited

A bookkeeping record that augments liabilities or equity, or diminishes an asset or expense.

Assets

Assets are resources owned by a business or individual that have economic value and can be converted into cash or provide future benefits.