Katrine Is a Store Manager and the Company Has Given

question 18

Multiple Choice

Katrine is a store manager and the company has given her the authority to make all hiring decisions for the store and adjust compensation when necessary. Katrine received this authority through the process of

• A) deregulation.
• B) centralization.
• C) delegation.
• D) decentralization.

---

Definitions:

Creditor

An individual or institution that lends money or extends credit, expecting repayment in the future.

Basic Accounting Equation

The Basic Accounting Equation is the foundational principle of double-entry bookkeeping, stating that Assets = Liabilities + Equity, maintaining the balance of a company's financial statements.

Equipment

The tangible assets used in the operation of a business to perform specific tasks, excluding real estate and facilities.

Assets

Resources owned by a company that have economic value and can be used to meet debts, commitments, or legacies.