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Refer to the information provided in Table 6.7 below to answer the questions that follow.
Table 6.7
-Refer to Table 6.7. The value of net factor payments to the rest of the world in billions of dollars is
Authority
The legitimized power or right to make decisions, direct others, and expect compliance within a specific realm.
Responsibility
An obligation or duty to perform or complete a task or role, usually with accountability for the outcome.
Hierarchy
A system or organization in which people or groups are ranked one above the other according to status or authority.
Organizational Subsystem
A division or unit within an organization that has its specific role and functions contributing to the overall objectives.
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