Positions Organized in a Hierarchy of Authority Is an Important

question 2

Multiple Choice

Positions organized in a hierarchy of authority is an important characteristic of:

• A) scientific management.
• B) bureaucratic organizations.
• C) quantitative management.
• D) the human relations movement.
• E) total quality management.

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Definitions:

Testator

An individual who has made a will or testament to dictate the distribution of their assets after their death.

Testamentary Capacity

The legal and mental ability of an individual to make or alter a valid will, including understanding the nature of the document and the assets.

Prudent Person Rule

A legal principle requiring that a person in charge of others' assets manage those assets with the care, diligence, and judgment that a prudent person would under similar circumstances.

Uniform Principal and Income Act

A statutory framework adopted by some states to standardize how income and principal from trusts and estates are allocated.