__________ of the Organization Is the Relative Authority That Each

question 32

Multiple Choice

__________ of the organization is the relative authority that each manager in the organization has, from the CEO down to the lowest-level employees.

• A)Market structure
• B)Autonomy
• C)Synergy
• D)Equity
• E)Chain of command

---

Definitions:

Permanent Incomes

Refers to the average annual income an individual expects over their lifetime, considering various stages of their career and life.

Standard Of Living

A level of material comfort as measured by the goods, services, and luxuries available to an individual, group, or nation.

Marginal Utility

The extra pleasure or benefit gained by consuming one more unit of a product or service.

Utilitarian

A normative ethical theory that posits the best action is the one that maximizes utility, generally defined as maximizing happiness and reducing suffering.