Organizational Responsibilities

Hierarchy
A hierarchy is a system where entities are ranked according to levels of importance, authority, or priority within an organization or a structure, often depicted as a pyramid. The CEO stands at the top in a corporate management hierarchy.
Job Evaluation
A systematic method of determining the relative worth of jobs in an organization. Job evaluation is important when an organization seeks to establish relative pay levels for job classifications based upon an equitable ranking of job importance and responsibilities.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.