Responsibility is the legitimacy that managers have to make decisions

Indicate whether the statement is true or false.


Answer: FALSE
Explanation: Authority is the legitimacy that managers have to give orders or make decisions.

Business

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According to research on LMX theory, having high-quality relationships with one’s leader is positively related to ______.

A. higher performance B. decreased satisfaction C. less commitment D. increased turnover intentions

Business

All-American University, a U.S. university, provides tuition support for up to eight semesters of undergraduate education for up to two children of faculty and staff of the university. To qualify for this tuition benefit, the faculty or staff member

must have at least seven contiguous years of full-time service and be a full-time employee when the benefits are received. All-American estimates that this tuition benefit helps retain and attract employees. How should All-American treat its expenditures on these tuition benefits each year?

Business

The accounts receivable turnover ratio captures the speed of cash collections from credit customers and is calculated as follows:

a. average accounts receivable divided by sales revenue. b. sales revenue divided by average accounts receivable. c. sales revenue plus average accounts receivable. d. sales revenue minus average accounts receivable. e. sales revenue times average accounts receivable.

Business

Methods of citation vary depending upon the ______________, the type of publication, and the publisher

a. document's margins b. number of contributing writers c. technical field d. type of word processor the writer uses

Business