When Management Designs and Implements Effective Administrative Processes

question 51

Multiple Choice

When management designs and implements effective administrative processes:

• A)Delegation of responsibility is prohibited.
• B)A budgeting process is a method of corporate governance.
• C)The responsibility of executing related capital functions to employees is prohibited.
• D)The ability to steal or misuse capital is eliminated.

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Definitions:

Market Inefficiencies

Situations where resources are not distributed optimally in a market, often leading to a loss in economic or social value.

Pollution Permits

Licenses issued by government authorities that allow holders to emit a specific amount of pollutants over a set period, intending to control and reduce environmental damage.

Supply And Demand

A fundamental economic model describing how the quantity of goods supplied by producers and the quantity demanded by consumers determine the price and quantity of goods and services in a market.

Gas Tax

A government-imposed tax on the sale of gasoline, primarily used to fund transportation infrastructure projects.