__________ Refers to the Rights Inherent in a Position That

question 88

Multiple Choice

__________ refers to the rights inherent in a position that allows a manager to tell subordinates what to do and then expect them to do it.

• A) Responsibility
• B) Unity of command
• C) Chain of command
• D) Authority
• E) Accountability

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Definitions:

Tax Rate

The percentage of income that is paid to the government as tax.

Net Income

The amount of profit a company has left after all expenses, taxes, and costs have been subtracted from total revenue.

Net Working Capital

The difference in a company’s readily available assets versus its current financial obligations, marking its short-term economic status.