Which of the Following Is the Practice of Giving Only

question 154

Multiple Choice

Which of the following is the practice of giving only limited authority and decision making to lower-level managers?

• A) decentralization
• B) accountability
• C) functionalization
• D) centralization

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Definitions:

Net Operating Income

A company's profit after subtracting all operational fixed and variable expenses but before interest and taxes are deducted.

Break-even Points

The level of sales at which total revenues equal total costs, resulting in no profit and no loss.

Fixed Expenses

Fixed costs are those that stay the same no matter how much is produced or sold, covering expenses like rental fees, employee salaries, and insurance premiums.

Break-even Sales

The amount of revenue from sales at which a business neither makes a profit nor incurs a loss.