Final answer:
A policy that "employees at all levels are required to fly coach" is an example of delegated authority. Delegated authority refers to the sharing or transfer of authority by top-level managers to lower-level employees. This policy helps in cost-saving and ensuring fairness among employees.
Step-by-step explanation:
A policy that "employees at all levels are required to fly coach" is an example of delegated authority.
Delegated authority refers to the sharing or transfer of authority by top-level managers to lower-level employees. In this case, the policy is set by the top management, which delegates the authority to determine the class of travel to employees at all levels, requiring them to fly coach.
This policy helps in cost-saving and ensuring fairness among employees, as it avoids preferential treatment or unnecessary expenses that may arise from employees flying in higher classes.