Unity of Command Refers to

question 55

Multiple Choice

Unity of command refers to

• A)a centralized organizational structure.
• B)the situation in which each employee reports to a single manager.
• C)a matrix organizational structure.
• D)a strong organizational vision from executive leadership.

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Definitions:

Demand-for-loanable-funds

The desire for borrowing money from available financial resources, influenced by the interest rate.

Investment Tax Credit

A tax credit offered to firms or individuals that invest in certain types of assets, aimed at encouraging investment.

Loanable Funds Market

A theoretical market where borrowers and lenders interact, facilitating the lending and borrowing of funds based on interest rates.

Interest Rate

The expense allocated by a creditor to a debtor for the opportunity to use capital, quantified as a proportion of the principal.