Which of the Following Statements Is True About Delegation of Authority

question 25

Multiple Choice

Which of the following statements is true about delegation of authority in the context of an organization?

• A)It does not relieve a superior of accountability for a delegated job.
• B)It does not give employees the power to make decisions about using resources to accomplish assigned tasks.
• C)It does not hold an employee to whom the authority was delegated accountable for the results of a task.
• D)It is meant to put additional pressure and burden on managers who are delegating tasks to subordinates.
• E)It is a concept popular only in small businesses and sole proprietorships.

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Definitions:

Employee Stock Options

A benefit offered by companies to employees, allowing them to purchase company stock at a predetermined price, typically as a form of incentive.

Market Value

The current price at which an asset or service can be bought or sold in an open market.

Repriced

Adjusted to a new price level, often in the context of securities, goods, or services to reflect changes in market conditions.

European Call Option

A European call option is a type of options contract that gives the holder the right, but not the obligation, to buy an underlying asset at a specific price only on the expiration date.