Authority delegitimizes effective functioning within organizations and public bodies, easing decision-making and enforcement of rules and regulations.
A tycoon is a leader in business who has achieved great wealth, power, and influence, often synonymous with terms such as industrialist, magnate, or corporate captain.
Variable overhead costs represent the elements of an organization's indirect expenses for a product that change in total with fluctuations in production or sales levels. Examples include power, commissions earned by sales personnel, and consumable materials.
