When an Associate Has the Authority to Solve Problems Without

question 29

Multiple Choice

When an associate has the authority to solve problems without the intervention of a manager, this is

• A) chain of command
• B) responsibility
• C) authority
• D) empowerment
• E) Span of control

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Definitions:

Fiscal Policy

Government policies relating to taxation and spending that are used to influence economic conditions, including managing inflation and unemployment.

Fiscal Year

It is the annual period used for accounting purposes by an organization, differing from the calendar year, and is primarily adopted for tax, financial reporting, and budgeting.

Governmental Assistance

Financial support or aid provided by the government to individuals, businesses, or other governmental entities.

Automatic Stabilization Policies

Economic policies and programs that automatically adjust government spending or taxes in response to economic changes, without the need for additional legislative action.