A Classical Management Principle Says Authority Should Equal Responsibility When

question 62

Multiple Choice

A classical management principle says authority should equal responsibility when:

• A) delegating work to a subordinate.
• B) centralizing organizational decisions.
• C) empowering subordinate employees.
• D) employing strategic alliances.

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Definitions:

Financing

The process of providing funds for business activities, making purchases, or investing.

Annual Installment

A fixed amount of money paid back to a lender once a year, typically used in the repayment of long-term loans.

Face Value

The nominal or dollar value stated on a financial instrument, such as a bond or stock certificate.

Bond Issue

The process of offering bonds for sale to investors as a way of borrowing money for long-term capital needs.