The Right Inherent in a Managerial Position to Give Orders

question 67

Multiple Choice

The right inherent in a managerial position to give orders and expect orders to be obeyed is termed:

• A)chain of command.
• B)unity of command.
• C)power.
• D)authority.

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Definitions:

Present Discounted Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.

Interest Rate

The percentage at which interest is paid by borrowers for the use of money they borrow from a lender, or earned by depositors for funds deposited in a bank account.

Income

Earnings received through work, investments, or other sources.

Undertake Investment

The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.