Which of the Following Best Pertains to Clear Division of Labour

question 189

Multiple Choice

Which of the following best pertains to clear division of labour?

• A) Rules and procedures are impartially and uniformly applied, with no one receiving preferential treatment.
• B) Jobs are well defined, and workers become highly skilled at performing them.
• C) Workers are selected and promoted on ability, competency, and performance, and managers are career employees of an organization.
• D) Written guidelines direct behaviour and decisions in jobs, and written files are kept for historical record.
• E) Authority and responsibility are well defined for each position, and each position reports to a higher-level.

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Definitions:

Joint Conceptual Framework

An integrated theoretical foundation for financial reporting that guides the development of accounting standards by multiple standard-setting bodies.

Fundamental Characteristics

Essential qualities or attributes that are critical to the definition, operation, or function of a concept, often used in reference to accounting principles.

Assets

Resources owned by a business from which future economic benefits are expected to flow to the enterprise.

Equity

The value of an ownership interest in property or a business, calculated as total assets minus total liabilities; represents what the owners' claim on the assets is.