An organization is a structured group of people working together to achieve common goals through a division of labor and a hierarchy of authority. It utilizes resources efficiently to maximize productivity and achieve its objectives.
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Hierarchy of Authority: A system in which different positions are ranked relative to each other, guiding the flow of decision-making power from top management down through the levels of an organization.
The system used to define a hierarchy within an organization, establishing how roles, power, and responsibilities are assigned, controlled, and coordinated