The People with Authority and Responsibility Are Subject to Reporting

question 120

Multiple Choice

The people with authority and responsibility are subject to reporting and justifying task outcomes to those above them in the chain of command is called

• A) delegation.
• B) line authority.
• C) staff authority.
• D) accountability.
• E) hierarchy.

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Definitions:

Usage of Trade

Established customs and practices commonly observed and accepted in a particular industry or trade.

UCC

The Uniform Commercial Code, which is a comprehensive set of laws governing sales and commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across the country.

Suretyship Provision

A contractual arrangement where a third party (surety) agrees to take responsibility for the debtor's obligations if the debtor fails to fulfill them.

Suretyship Provision

A contractual agreement in which a party assumes responsibility for the debt obligation of a borrower if that borrower defaults.