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The Right Inherent in a Managerial Position to Give Orders

question 30

Multiple Choice

The right inherent in a managerial position to give orders and expect orders to be obeyed is termed ________.


Definitions:

Profits And Losses

A financial metric indicating the positive (profits) or negative (losses) financial outcomes of a business's operations.

Scarce Resources

Resources that are limited in supply and are not available in sufficient quantities to satisfy all the various ways a society wants to use them.

Society

A group of individuals living together in a more or less ordered community with shared laws, traditions, and values.

Economic Profit

The disparity between a company's complete earnings and all its expenses, encompassing both direct and potential costs.

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