The Most Fundamental Authority in an Organization,consisting of the Right

question 86

Multiple Choice

The most fundamental authority in an organization,consisting of the right to make decisions and to give orders concerning the production,sales,or finance-related behavior of subordinates,is known as ________.

• A)functional authority
• B)staff authority
• C)traditional authority
• D)line authority
• E)informal authority

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Definitions:

Demand Curve

A graphical representation of the quantity of a good that consumers are willing and able to buy at different prices.

Price Change

A variation in the cost of a good or service over time.

Technology Improvement

The enhancement or development of new technologies or the improvement of existing technologies, which can lead to increased efficiency and productivity.

Complementary Good

A product or service that is typically used or consumed together with another good or service, increasing demand for one another.