The Line of Authority That Moves from the Top of a Hierarchy

question 7

Multiple Choice

The line of authority that moves from the top of a hierarchy to the lowest level is called the

• A) chain of logic.
• B) chain of command.
• C) organizational design.
• D) delegation of contingent authority.

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Definitions:

Interest

The cost of borrowing money, typically expressed as a percentage of the principal, or the gain from lending money.

Loan

A sum of money borrowed from a lender that is expected to be paid back with interest.

Compounded Quarterly

Describes interest on a loan or investment calculated four times a year.

Investment

Allocating resources, usually money, with the expectation of generating an income or profit.