The Line of Authority That Extends from Upper Organizational Levels

question 37

Multiple Choice

The line of authority that extends from upper organizational levels to lower levels, clarifying who reports to whom, is known as the ________.

• A) employee power distance
• B) unity of command
• C) span of control
• D) chain of command

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Definitions:

Equilibrium Price

The cost where the amount of a product or service sought by consumers matches the amount available, achieving equilibrium in the market.

Supply and Demand

A fundamental economic model that explains how the price and quantity of goods and services are determined in a market through the interaction of suppliers and consumers.

Equilibrium Quantity

The amount of goods or services supplied that is exactly equal to the amount of goods or services demanded at a given price.