The Three Main Types of Authority That Can Exist Within

question 14

Multiple Choice

The three main types of authority that can exist within an organization are ________.

• A)line authority,staff authority,and formal authority
• B)staff authority,informal authority,and formal authority
• C)line authority,staff authority,and functional authority
• D)line authority,functional authority,and formal authority
• E)formal authority,informal authority,and functional authority

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Definitions:

Minimal Acceptable

The lowest level or standard considered satisfactory or acceptable for a specific purpose or requirement.

Variable Cost

Costs that change in proportion to the level of production or business activity, such as materials and labor.

Transfer Price

The price at which services or goods are sold between divisions within the same company or between subsidiaries.

Variable Cost

Costs that are directly influenced by the quantity produced or the volume of sales transactions.