A Position That Is Part of the Chain of Command

question 141

Multiple Choice

A position that is part of the chain of command and shares in the direct responsibility for achieving organizational goals is a(n) _____.

• A) management hierarchy
• B) staff management position
• C) ad hoc committee
• D) bureaucratic structure
• E) line management position

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Definitions:

Foreign Exchange Market

A global marketplace for buying and selling national currencies.

Currency

The system of money in general use in a particular country, or the physical notes and coins themselves.

Short-Run Exposure

Financial risk associated with fluctuating exchange rates that affects a company's transactions or valuation in the near term.

Exchange Rate Risk

The potential for losses resulting from fluctuations in the exchange rate between two currencies in international transactions.