Chain of Command Is a Key Element of an Organization's

question 23

Multiple Choice

Chain of command is a key element of an organization's structure. Which of the following key questions is addressed by this element?

• A) How many individuals can a manager efficiently and effectively direct?
• B) To whom do individuals and groups report?
• C) On what basis will jobs be grouped together?
• D) To what degree are activities subdivided into separate jobs?
• E) To what degree will there be rules and regulations to direct employees and managers?

Recognize and define key financial terms such as annuities and compound interest.

Analyze financial scenarios involving loans and leases to identify costs or payments.

Match financial concepts with their correct definitions or associated terms.

Understand and apply the concepts of time value of money to calculate present and future values of various financial instruments.

---

Definitions:

Lions Hunt

A cooperative behavior exhibited by lions, primarily by the females of a pride, to strategically capture prey to feed the group.

Fitness Payoffs

The benefits in terms of survival and reproduction that an organism gains from a particular behavior or trait.

Selfishness

The act of placing one's own needs or desires above the welfare of others.

Lions Hunt

The cooperative behavior displayed by lions when pursuing and capturing prey to ensure survival of the pride.