An arrangement of line of authority within the company is classified as __________?
Correct answer: B. organization structure
- A. company structure
- B. organization structure
- C. line of authority
- D. line of responsibility
Explanation
An organization structure sets out authority, reporting relationships, and lines of responsibility within a company. A line of authority is only one element of the complete structure.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Accounting Principles
Accounting principles explain the rules used to record, classify and report business transactions. Coverage includes the accounting equation, double-entry system, accrual and cash bases, matching and prudence concepts, consistency, going concern, business entity, and the difference between capital and revenue items.
Practise Accounting Principles
351 free Accounting Principles MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Accounting questions like this
Accounting is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Accounting Principles questions
The decrease in purchasing power of any monetary unit such as euro, dollars etc. is classified as ___________?
The rate of required return to cover the risk of investment, in absence of inflation is classified as ____________?
If the real rate is 16% and an inflation rate is 8%, then the nominal rate of return will be __________?
Depreciation fund method is also known as__________?
The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date.
Which English alphabet is similar to the shape of an account?