Final answer:
The right inherent in a managerial position to give orders and to expect them to be obeyed is termed 'authority'. It is an integral part of the hierarchy of authority and chain of command in organizations.
Step-by-step explanation:
The right inherent in a managerial position to give orders and expect orders to be obeyed is termed authority. Authority within an organization is the power to give orders, make decisions, and ensure compliance. It is a key function in the hierarchy of authority, where, for example, a shift manager at a retail store will report to a store manager, who in turn reports to a regional manager, and so on, creating a structured chain of command. This clear reporting structure is crucial for maintaining order and accomplishing the objectives of the organization. Traditional sources of authority involve hereditary succession, religious mandates, or historical conquest, but in modern business and organizations, authority typically derives from established positions within a corporate hierarchy.