An Organization Chart Reveals

question 157

Multiple Choice

An organization chart reveals

• A) staff accountability.
• B) committee assignments.
• C) informal authority.
• D) detailed duties of each manager.
• E) the company's organizational structure.

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Definitions:

Unauthorized Contract

An agreement made by a person who does not have the legal authority to do so on behalf of a party.

Ratifies

The act of formally approving or confirming a decision or agreement, making it officially valid.

Valid

Legally sound, effective, and binding.

Contract for Sale

A legally binding agreement where one party agrees to sell and another agrees to buy goods or property under specified terms and conditions.