The Line of Authority That Extends from the Upper Levels

question 120

Multiple Choice

The line of authority that extends from the upper levels of management to the lowest levels of the organization is termed the ________.

• A)chain of responsibility
• B)unity of command
• C)staff authority
• D)chain of command

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Definitions:

General Price Level

indicates the average of the current prices of all goods and services in the economy at a specific time.

Money Supply

The aggregate of all funds accessible in an economy, counting cash, coins, and checking and savings account balances, at a certain time.

Middle Adulthood

The period in adult life that typically spans from ages 40 to 65, characterized by stability, maturity, and an increased focus on personal and professional achievements.

Pay

The amount of money or compensation given to an employee by an employer in exchange for work performed, usually provided on a regular basis such as hourly, weekly, or monthly.