Raghib Just Started Working for a New Organization,and He Asked

question 135

Multiple Choice

Raghib just started working for a new organization,and he asked the person training him "To whom do I go if I have a problem?" Raghib wants to understand the company's

• A)peer pressure.
• B)organizational structure.
• C)chain of command.
• D)departmentalization.
• E)centralization.

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Definitions:

Electricity Invoice

A bill issued by an electricity provider detailing the charges for electric consumption over a specific period.

Expense Recognition

An accounting principle that matches expenses with revenues in the period in which the expense is incurred to generate those revenues.

Accrual Basis of Accounting

A financial recording technique that logs income and costs as they are accrued, without considering the actual exchange of cash.

Revenue Recognition

The accounting principle that dictates how and when revenue is considered earned and should be recorded in the financial statements.