Examlex
Which of the following terms refers to the power possessed by the people and subunits that control the flow of resources through an organization's production system?
Office Manager
An individual responsible for ensuring the smooth operation of an office, including managing administrative staff and processes.
Professional Race-Car Driver
An individual who competes in auto racing events professionally and as a career, often under contract with racing teams or sponsors.
Actual Authority
The explicit power given to an agent or representative by a principal, allowing them to make decisions and act on the principal's behalf.
Apparent Authority
Apparent authority refers to a situation where a person appears to have the authority to act on behalf of another (such as an employer) even if no actual authority has been granted, leading others to reasonably believe in that authority.
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