__________ Is the Formal and Legitimate Right of a Manager

question 49

Multiple Choice

__________ is the formal and legitimate right of a manager to make decisions, issues orders, and allocate resources to achieve organizationally desired outcomes.

• A) Delegation
• B) Responsibility
• C) Authority
• D) Span of management
• E) Leadership

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Definitions:

Future Value

The value of an asset or cash at a specific future date, based on its expected growth over time.

Compounded Monthly

Interest calculation method where the accrued interest is added to the principal sum each month, leading to interest on interest.

Interest Charge

A fee charged by a lender to a borrower for the use of borrowed money, often expressed as an annual percentage of the principal.

Inherited Money

Wealth or assets received from someone after their death.