Which of the Following Is True of Organization Charts

question 83

Multiple Choice

Which of the following is true of organization charts?

• A) The positions at the top of the charts are those with the least authority.
• B) The boxes in the charts represent the various positions or departments in an organization.
• C) The lines in the charts do not indicate who reports to whom within an organization.
• D) The bottom of the charts usually shows the midlevel managers and supervisors.

---

Definitions:

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total benefits to society.

Deadweight Loss

A loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved, often due to market failure, taxes, or subsidies.

Tax Revenue

The income that is obtained by governments through taxation, which is then used to fund public services and government operations.

Lump-Sum Taxes

Taxes that are a fixed amount, regardless of the taxed person's income, wealth, or other attributes that could affect their ability to pay.