The Most Fundamental Authority in an Organization,consisting of the Right

question 86

Multiple Choice

The most fundamental authority in an organization,consisting of the right to make decisions and to give orders concerning the production,sales,or finance-related behavior of subordinates,is known as ________.

• A)functional authority
• B)staff authority
• C)traditional authority
• D)line authority
• E)informal authority

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Definitions:

Production Function

An equation that describes the maximum amount of output that can be produced with a given set of inputs.

Profit Maximization

A strategy employed by businesses to find the price and production levels that maximize profits.

Production Function

A mathematical representation that describes the relationship between inputs used in production and the output of goods or services.

Profit Maximization

Profit maximization is an economic principle where businesses aim to achieve the highest profit possible by adjusting production levels, pricing, and other operational decisions.