Six terms that relate to organizations, the work of management, and the role of managerial accounting are listed below:
Decentralization              Controller
Line                                 Organization chart
Staff                                 Chief Financial Officer
Choose the term above that most appropriately completes the following statements:
1. A position that is directly related to achieving the basic objectives of an organization is called a position.
2. A diagram that shows how responsibility is divided among managers and shows the formal lines of reporting and communication is called an .
3. A position provides service or assistance to other parts of the organization and does not directly achieve the basic objectives of the organization.
4. The delegation of decision-making authority throughout an organization by allowing managers at various operating levels to make key decisions relating to their area of responsibility is called.
5. The manager in charge of the accounting department is generally known as the .
6. The is the member of the top management team who is responsible for providing timely and relevant data to support planning and control activities and for preparing financial statements for external users.