Match the Term with Its Definition

question 53

Multiple Choice

Match the term with its definition.
-The process of granting to subordinates the right to act or make decisions

• A)budget
• B)chain of command
• C)delegation of authority
• D)empowerment
• E)line-and-staff organization
• F)line organization
• G)long-range plan (strategic plan)
• H)negotiation
• I)networking
• J)professional manager
• K)Service Corps of Retired Executives (SCORE)
• L)short-range plan
• M)Small Business Development Centers (SBDCs)
• N)span of control

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Definitions:

Ideal Standard

Benchmarks for optimal performance under perfect operating conditions, used in cost accounting to set budget targets.

Rigorous

Characterized by a strict attention to detail; thorough and exacting.

Standard

A set of guidelines or principles established as a basis for comparison or measurement in quality assessment, production, and compliance.

Budget

A financial plan for a defined period, outlining an organization's projected revenues, expenses, and capital expenditures.