When a Subordinate Is Allowed to Make Important Decisions and Implement

question 42

Multiple Choice

When a subordinate is allowed to make important decisions and implement them without getting prior approval there is ________ delegation.

• A) no
• B) little
• C) moderate
• D) substantial

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Definitions:

Barter

A system of exchange where goods or services are traded directly for other goods or services without the use of money.

Exchange of Goods

The act of giving one item of value in return for another, especially in a commercial context.

Market Failures

Occur when the market does not allocate resources efficiently on its own, leading to a loss of economic welfare.

Government Role

The activities undertaken by a government, including regulation, taxation, and public services provision, to guide and support the economy.