Which of the Following Is an Advantage of Decentralization

question 105

Multiple Choice

Which of the following is an advantage of decentralization?

• A) May create disparities in alignment of goals between different business units
• B) May cause inconsistencies in the way various business units operate
• C) May duplicate costs and functions across multiple business units
• D) Helps prepare and train managers at lower levels for higher positions later on

Distinguish between real and personal property and the significance of their classification.

Gain insight into how property rights and interests are legally defined and protected.

Recognize the implications of gifting personal assets and potential indicators of fraud.

Understand the concept of accession and how it impacts property ownership rights.

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Definitions:

Annual Depreciation

Definition: The portion of the cost of a fixed asset that is expensed on an annual basis through the process of depreciation.

Book Value

The net value of a company's assets minus its liabilities, often used to assess the financial health of a business.

Double-Declining-Balance Method

An accelerated method of depreciation that doubles the normal depreciation rate.

Journal Entry

A record of a transaction in the accounting journal that may affect one or more accounts.