A tool that is often used to depict the lines of authority and responsibility within a firm is:
A) A variance report.
B) An organization chart.
C) A master budget.
D) A responsibility report.

Question

Quizplus · Accepted Answer

An organization chart is the tool that illustrates the lines of authority and responsibility within a company. It shows the hierarchy of positions and roles within the organization, from top management to lower-level employees. A variance report compares actual results to budgeted targets, a master budget is a comprehensive financial plan for a company, and a responsibility report outlines the tasks and accomplishments of individuals or teams within a company.

A Tool That Is Often Used to Depict the Lines