Reducing Expense to Increase Operating Profit Is Representative Of

question 33

Multiple Choice

Reducing expense to increase operating profit is representative of:

• A)ensuring accurate,reliable accounting records.
• B)following company policies.
• C)safeguarding assets.
• D)promoting operational efficiency.

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Definitions:

Democratic

Relating to or supporting democracy or its principles, where power is vested in the hands of the people, often through elected representatives.

Formal Position

An officially recognized or established role within an organization, typically accompanied by specific duties, responsibilities, and levels of authority.

Legitimate Power

A form of authority where power is granted through an organizational structure or societal norms.

Expert Power

Influence wielded by an individual or group due to their recognized knowledge or expertise in a specific area.