In Terms of Their Direction of Flow in Organizations, Which

question 86

Multiple Choice

In terms of their direction of flow in organizations, which is correct?

• A)Responsibility flows down; authority flows up; accountability flows down.
• B)Responsibility flows up; authority flows up; accountability flows down.
• C)Responsibility flows down; authority flows up; accountability flows up.
• D)Responsibility flows down; authority flows down; accountability flows up.

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Definitions:

Quantity and Quality

Refers to the amount and the standard of a product or service, indicating its overall value or suitability.

Coincidence of Wants

A situation in a barter system where two parties each have something the other wants, facilitating an exchange without the need for money.

Total Output

The total quantity of goods and services produced by an economy, sector, or individual producer over a specified period.

Coincidence-of-Wants Problem

Refers to the difficulty in barter transactions where each party needs to have what the other wants and be willing to trade for it simultaneously.