Span of Control

question 77

Multiple Choice

Span of control

• A) is the degree to which tasks in an organization are divided into separate jobs.
• B) answers the question of "who reports to whom?" and signifies formal authority relationships.
• C) refers to where decisions are formally made in organizations.
• D) refers to the number of employees each manager is responsible for in the organization.
• E) is the degree to which rules and procedures are used to standardize behaviors and decisions in an organization.

Identify and analyze trends in financial data over time.

Apply financial analysis techniques to make informed decisions.

Differentiate between liquidity ratios, such as the current ratio and quick ratio, and understand their importance.

Analyze sales performance and operational efficiency using turnover ratios and growth percentages.

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Definitions:

Paid Sick Days

Employee benefits in which employees are entitled to a certain number of paid days off that can be used during periods of illness without losing pay.

First to File

A principle where the right to a patent for an invention goes to the first person to file a patent application for protection of that invention, regardless of the actual date of invention.

Patent

A legal document granting an inventor exclusive rights to their invention for a certain period.

First to Invent

A principle whereby the rights to a patent for an invention are determined by being the first person to have made the invention.