One of the Advantages of Decentralization Is That It Allows

question 247

True/False

One of the advantages of decentralization is that it allows top management to concentrate on long-term strategic planning.

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Definitions:

Journal

A record where all of a company's financial transactions are initially documented in chronological order.

Posting Process

The act of transferring journal entries to their respective accounts in the ledger.

Journal Page Number

A reference number used in accounting to denote the specific page in a journal where transactions are recorded.

Account Number

A unique sequence of numbers assigned to a customer's account in a bank or financial institution, facilitating the management and identification of accounts.