In an Organization, _____ May Be Valuable When Departments Have

question 6

Multiple Choice

In an organization, _____ may be valuable when departments have different priorities or conflicting goals, which need to be mediated by top management.

• A) decentralization
• B) informality
• C) delegation
• D) specialization
• E) centralization

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Definitions:

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be converted to cash in the short term, such as property, plant, and equipment.

Investing Activities

Activities such as purchase and sale of plant and equipment and placing excess cash in stocks, bonds, and notes of other companies.

Purchase

A Purchase refers to the acquisition of goods or services in exchange for money, contributing to the assets or expenses of a business.

Sale

A transaction between two parties where the buyer receives goods, service, or asset in exchange for money.