The Rights Inherent in a Supervisory Position to Give Orders

question 27

Multiple Choice

The rights inherent in a supervisory position to give orders and expect the orders to be obeyed is ________.

• A)responsibility
• B)work simplification
• C)authority
• D)coordination
• E)accountability

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Definitions:

FOB Destination

A shipping term indicating that the seller bears delivery costs and retains ownership until the goods are delivered to the buyer.

Sales Bonuses

Additional compensation given to employees, usually sales personnel, based on performance and achievement of sales targets.

Ownership

Refers to the legal rights and interests a person or entity has in a property, asset, or business, entitling them to use, manage, and enjoy its benefits.

Owner's Drawings

Withdrawals made by the owner from the business for personal use, considered as a reduction in the equity.