In a Line-And-Staff Organization, Staff Positions Are Temporary Jobs to Train

question 336

True/False

In a line-and-staff organization, staff positions are temporary jobs to train new line managers.

---

Definitions:

Equity Method

Equity Method is an accounting technique used to record investments in other companies, where the investing company has significant influence but does not have full control or majority ownership.

Internal Reporting

The generation and analysis of financial and operational information within an organization, used for decision-making and performance assessment.

SEC

The U.S. Securities and Exchange Commission is a federal agency tasked with overseeing the securities sector and safeguarding investors.

GAAP

Generally Accepted Accounting Principles; a common set of accounting rules and standards used in the United States.