Establishing Common Routines and Operating Procedures That Apply Uniformly to Everyone

question 130

Multiple Choice

Establishing common routines and operating procedures that apply uniformly to everyone is called

• A)formalization.
• B)accountability.
• C)concentration.
• D)delegation.
• E)standardization.

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Definitions:

Financing Activities

Transactions that result in changes in the size and composition of the equity capital or borrowings of a company.

Debt Repayment

The act of paying back money previously borrowed from a lender, typically according to a prearranged payment schedule.

Amortization

The systematic and rational allocation of the acquisition cost of an intangible asset over its useful life