The Line of Authority in an Organization Is

question 78

Multiple Choice

The line of authority in an organization is

• A)the concentration of authority at the top of the managerial hierarchy.
• B)the singleness of purpose that makes possible the creation of one plan of action.
• C)the chain of command extending from the top to the bottom of an organization.
• D)the shared feelings of comradeship, enthusiasm, and devotion to a common cause.
• E)a reporting relationship in which an employee receives orders from only one superior.

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Definitions:

Annual After-Tax Lease Payment

The yearly lease payment amount after accounting for tax deductions.

Straight-Line Depreciation

A method of depreciation that allocates an equal amount of the asset's cost to each year of its useful life.

Net Advantage To Leasing

The total financial benefits of leasing an asset compared to purchasing it, taking into account all costs and savings.

Resale Value

The estimated market value of an asset at the time of its sale, reflecting what a seller may realistically receive.