The Right Inherent in a Managerial Position to Give Orders

question 67

Multiple Choice

The right inherent in a managerial position to give orders and expect orders to be obeyed is termed:

• A)chain of command.
• B)unity of command.
• C)power.
• D)authority.

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, leading to its net income or loss.

Retained Earnings

The cumulative earnings of a company that have not been distributed to shareholders as dividends, reinvested back into the company.

Unearned Revenue

Money received by a company from a customer for products or services to be delivered or performed in the future.

Prepaid Rent

Prepaid rent refers to payments made in advance for rent, recorded as an asset on the balance sheet until it is consumed or the rental period elapses.