​The ___ Is the Line of Authority That Extends from the Highest

question 39

Multiple Choice

​The ___ is the line of authority that extends from the highest to the lowest levels of the organization.

• A) ​chain of command
• B) ​organizational chart
• C) ​organization
• D) ​departmental conundrum

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Definitions:

Compound Interest

Interest calculated on the initial principal of a deposit or loan, as well as on the accumulated interest of previous periods, leading to exponential growth of the amount over time.

Economic Resource

Assets, materials, and inputs used to produce goods and services, including labor, capital, land, and entrepreneurship.

Money

A medium of exchange that is widely accepted in transactions for goods and services and repayment of debts.

Uninsurable Risk

A risk that cannot be covered by an insurance policy due to its high probability of occurring or the inability to accurately price it.