Hierarchy in an Organization Is Necessary For

question 34

Multiple Choice

Hierarchy in an organization is necessary for:

• A) Unity of command
• B) Centralization
• C) Decentralization
• D) Communication

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Definitions:

Marginal Tax Rate

The rate at which an additional dollar of income would be taxed, giving insight into the impact of potential income increases on one's tax burden.

Cash Operating Costs

Expenditures directly related to the day-to-day business operations, excluding non-cash costs.

Depreciated

Refers to a reduction in the value of an asset over time, typically due to wear and tear or obsolescence.

Marginal Tax Rate

The tax rate that applies to the last dollar of the taxpayer's income or the next dollar of taxable income earned.