When Authority Is Delegated, So Should Commensurate

question 16

Multiple Choice

When authority is delegated, so should commensurate

• A) responsibility
• B) training
• C) command
• D) liability

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Definitions:

Efficiency

Relates to achieving maximum productivity with minimum wasted effort or expense, often critical in business processes and operations.

Return On Equity (ROE)

A financial ratio indicating the profitability of a firm relative to its equity capital.

Liabilities

Financial obligations or debts that a company owes to others, which need to be settled over time.

Assets

Economic resources owned or controlled by an entity, expected to produce value or benefit in the future.