The Unbroken Line of Authority That Extends from the Top

question 39

Multiple Choice

The unbroken line of authority that extends from the top of the organization to the lowest echelon and clarifies who reports to whom is termed ________.

• A) chain of command
• B) path of power
• C) span of control
• D) line of responsibility
• E) web of authority

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Definitions:

Natural Resources

Substances and resources like minerals, forests, water, and arable land that are found in nature and can be exploited for financial benefit.

Economic Model

A simplified representation, often mathematical, of economic processes, relationships, or phenomena, to predict and explain economic behavior.

Incorrect Predictions

refers to forecasts or expectations about future events or trends that ultimately prove to be wrong.

Economic Decision Makers

Economic Decision Makers are individuals or groups, such as consumers, businesses, and governments, that make choices about what to consume, produce, and distribute in an economy.