In Fayol's 14 Principles of Management, _____________ Refers to the Degree

question 23

Multiple Choice

In Fayol's 14 Principles of Management, _____________ refers to the degree to which subordinates are involved in decision making.

• A) authority
• B) unity of command
• C) initiative
• D) centralization
• E) equity

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Definitions:

Accountants

Professionals responsible for managing and reporting a company's financial information, ensuring accurate bookkeeping, tax compliance, and financial statement preparation.

Managerial Accountant

A professional who specializes in providing financial information and analyses to managers within organizations for decision-making.

Internal Reports

Financial or operational reports intended for use within an organization, not for external stakeholders.

Decision-Making Process

A series of steps followed by an individual or an organization to identify and evaluate options to make a choice.