In the Context of the Chain of Command in an Organization

question 90

Multiple Choice

In the context of the chain of command in an organization, which of the following is a difference between line authority and staff authority?

• A) Line authority is the right to advise but not command immediate subordinates, whereas staff authority is the right to command immediate subordinates.
• B) Line authority is the right to advise people who are not subordinates, whereas staff authority is the right to command people who are not subordinates.
• C) Line authority is the right to command immediate subordinates, whereas staff authority is the right to advise but not command people who are not subordinates.
• D) Line authority is the right of top managers to advise first-line managers, whereas staff authority is the right of first-line managers to command middle managers.

Understand the fundamental differences between a patent and a copyright, including the aspects related to digital technology.

Recognize the concept of self-regulation in industries, its potential problems, and provide examples.

Analyze strategies for business growth and innovation with a focus on creating customer value in a technological context.

Identify the powers and actions of the Federal Trade Commission in regulating advertising and unfair business practices.

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Definitions:

Liquidity

The speed and ease with which an asset can be converted to cash.

Inflation Protection

A financial strategy to safeguard the purchasing power of assets against the adverse effects of inflation.

Investment Policies

Guidelines, rules, or procedures that dictate how an organization's funds should be managed and invested.

Rate Of Return

A measure of the profit or loss of an investment over a certain period, expressed as a percentage of the investment's initial cost.