A typical organization chart showing delegation of authority would show

A) stockholders delegating to the board of directors.
B) the board of directors delegating to stockholders.
C) the chief executive officer delegating to the board of directors.
D) the controller delegating to the chief executive officer.

Organization Chart

A visual representation of the hierarchical structure of an organization, showing relationships between different positions and departments.

Delegation of Authority

The process by which authority is distributed to lower levels of management within an organization to make decisions and complete tasks.

Stockholders

Individuals or entities that own shares in a corporation, giving them ownership interests and typically rights to dividends and a vote in corporate matters.