The Assignment of Work to Groups of Departments Where Individuals

question 20

Multiple Choice

The assignment of work to groups of departments where individuals are collectively responsible for performance is referred to as:

• A)Horizontal specialization
• B)Vertical specialization
• C)Lateral specialization
• D)Parallel specialization

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Definitions:

Annual Basis

This term usually refers to the accounting or financial evaluation of certain activities, income, or expenses projected or calculated over the span of a year.

Balance Sheet

A document outlining a corporation's financial standing, detailing assets, liabilities, and equity of shareholders on a given date.

Market Value

The current price at which an asset or a company can be bought or sold in a public market.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business' operating cycle, whichever is longer.