The Only Authority Possessed by Corporations Is the Powers Granted

question 85

True/False

The only authority possessed by corporations is the powers granted to them in their articles of incorporation and through state incorporation statutes.

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Definitions:

Decision-Making Process

The cognitive process of selecting a course of action from among multiple alternatives, often involving a structured methodology.

Departmentalization

The organizational practice of dividing a business into specialized functional areas or departments to improve efficiency.

Span of Control

It refers to the number of subordinates that a manager or supervisor can directly control.

First-Line Managers

Managers at the lowest level of an organization who directly supervise and support the work of non-managerial employees.