Final answer:
The term that describes the chain of command from the top to the bottom of an organization is the Line of Authority, which establishes a clear hierarchy for decision-making and delegation.
Step-by-step explanation:
The term that refers to the chain of command extending from the top to the bottom of an organization is Line of Authority. This hierarchy of authority ensures that each level of the organization has someone in charge, establishing a clear structure for decision-making and task delegation. For instance, in a retail setting like Walmart, an employee receives instructions from their shift manager, who in turn reports to the store manager, then to the regional manager, and so on, leading up to the CEO and the board members.Hierarchy of authority refers to the chain of command that places one individual or office in charge of another. It is a characteristic of bureaucracies and is essential for maintaining order and efficiency within an organization. For example, in a company like Walmart, employees have shift managers who answer to store managers, who in turn answer to regional managers, and so on.