If You Think of an Organization's Structure as a Continuum,on

question 159

Multiple Choice

If you think of an organization's structure as a continuum,on the centralized end of the continuum,operational managers

• A)Are never evaluated.
• B)Are evaluated on costs,revenue,and profit.
• C)Have complete control over operational decisions.
• D)Have no authority to make decisions.

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Definitions:

Adjusting Entry

An accounting record made to update the financial statements to reflect income earned or expenses incurred but not yet recorded.

Employee Wages

Payment given to workers for their services, usually determined by the hour, day, or work completed.

Net Income

The amount of money remaining after all operating expenses, taxes, and interest have been subtracted from total revenue.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.