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1.05 Key Terms

TermDefinition
Authority The formally granted influence of an individual to make decisions, pursue goals, and obtain the resources necessary to support those decisions and goals
Chain of command The flow of authority within an organization; also called line of command
Communication An exchange of information in which the words and gestures are understood in the same way by both speaker and listener
Delegation Assigning tasks to subordinates
Divisional structure An organizational structure design in which the firm is broken down into units according to factors such as product, process, territory, customer type, etc.
Division of labor
Created by: darius.h758
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