The Purpose of the Organization Chart Is to Encourage and Direct

question 14

True/False

The purpose of the organization chart is to encourage and direct employees into activities and communications that enable the organization to achieve its goals.

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Definitions:

Current Liability

Financial obligations or debts of a company due within a year, including accounts payable, taxes owed, and short-term loans.

Sales Tax

A tax levied by the government on the sale of goods and services.

Current Maturities

The portion of a long-term debt that is due to be paid within the next year.

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty, often accounted for in financial planning.