Answer:
The correct option is A.
Explanation:
The chain of command in an organisation refers to the official hierarchy of authority that dictates who is in charge of whom and of whom permission must be requested before any important business decision is made.
A chain of command is put in place so that everyone will know who they are supposed to report to and what responsibilities are expected of them at their current level. A chain of command is used to enforce responsibility and accountability and organisations will implement a chain of command so that workers will follow them when asking questions or filing complaints.
In the scenario presented above, Victor Green clearly does not know the chain of command, therefore, he does not know who to report to or seek permission from in order to make a business decision.
Answer:
Theory Z management
Explanation:
The Theory Z approach to management (which was invented by William Ouchi) promotes stable long-term employment, collective decision making, high morality and employee satisfaction.
The theory focuses on increasing employee loyalty to the company by providing life-time employment with a strong focus on the well-being of the employee, both on and off the job.
Answer:
False
Explanation:
A crawling peg is a system of exchange rate adjustments in which a currency with a fixed exchange rate is allowed to fluctuate within a band of rates.
I would guess C. expansion
Both B and D are both negative that describe economic declines and a trough is a turning point in a business cycle. So, by the process of elimination, I would choose C.
