Which of the Following Principles States That Authority Flows from One

question 79

Multiple Choice

Which of the following principles states that authority flows from one level of management to the next, from the top of an organization to the bottom?

• A) Chain of command
• B) Span of control
• C) Unity of command
• D) Parity principle

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Definitions:

Bid and Ask Prices

The prices at which buyers are willing to buy (bid) and sellers are willing to sell (ask) a security or asset in the market.

Transaction Cost

Any expenses incurred when buying or selling securities, including broker's fees, taxes, and other charges that can impact the investor's net returns.

Commission

The fee paid to a broker or agent for conducting a transaction, typically a percentage of the transaction value.

Limit Order Book

A record of all open buy and sell orders for a specific security or asset, organized by price level.