Final answer:
The term that best describes the level of control and discretion a manager must have to be fairly held responsible for the outcomes of work groups, including the authority to hire and fire employees, and determine rewards, is B) Requisite managerial authority.
Step-by-step explanation:
This concept implies that a manager has sufficient authority and power to be accountable for the performance and decision-making within their domain. It encompasses the legitimacy and capacity to issue orders, and to impact their team's job satisfaction and growth through decisions relating to training, promotion, and disciplinary actions.
In organizations, a hierarchy of authority exists to maintain a structured chain of command. Within this hierarchy, each managerial role is expected to carry a certain level of authority consistent with their responsibilities. This ensures that individuals in managerial roles can effectively contribute to the organization's broader goals while supporting their subordinates in meeting job and career objectives. The relevance of a manager's authority in influencing workplace dynamics cannot be overstated, as it largely affects the employee's perception of fairness and their motivation to perform.