In the Presence of Which of the Following Conditions Should

question 75

Multiple Choice

In the presence of which of the following conditions should the span of control be wide?

• A) Tasks are not clearly defined and instructions are ambiguous.
• B) Subordinates are poorly trained.
• C) Employees' access to information is restricted.
• D) Jobs are similar, and performance measures are comparable.
• E) Subordinates prefer close supervisory control to autonomy.

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuer, which is not indicative of its market value.

Fair Value

An estimate of the market value of an asset or liability, based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Common Stock

A form of corporate equity ownership, a type of security representing an ownership share in a corporation.

Journal Entries

The recordings of financial transactions in the bookkeeping system of a business, which include the debits and credits affecting the company's accounts.