A ________ Allows Management to Make the Most Efficient Use

question 13

Multiple Choice

A ________ allows management to make the most efficient use of its employees' skills and even successfully improve them through repetition.

• A) low degree of centralization
• B) high degree of formalization
• C) wider span of control
• D) low degree of departmentalization
• E) high degree of work specialization

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Definitions:

Consolidation

Consolidation is the process of combining multiple financial statements from different subsidiaries or related companies into a single financial statement of the parent company.

Return

The financial outcome of an investment over an agreed-upon time, stated as a portion of the investment's cost price.

Telecom Services

Services provided by companies that enable communication over distances via telephone, internet, cable, and broadcasting.

Money Center Banks

Large financial institutions that offer a wide range of financial services and are typically located in major economic centers.