What term describes the setup that defines the chain of command in a business?

Multiple choice question for Budgeting and Accounting. Select an option, then review the explanation below.

Explanation

The term 'organizational structure' refers to the formal system that outlines the hierarchy and authority lines within a company, distinguishing it from related concepts such as authority chain or responsibility hierarchy.

Practice related questions from the same subject.

1.What term describes the discrepancy between the planned budget figures and the actual outcomes?
2.Which type of department is managed by a person accountable for both expenses and income?
3.Which type of managerial responsibility focuses solely on controlling the company's costs?
4.What term is used to describe a manager who has a greater number of subordinates and operates at a higher managerial level?
5.What term describes the use of variables to indicate if strategies are successful or unsuccessful?

What term describes the setup that defines the chain of command in a business?

Explanation

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