____ Involves Assigning Direct Authority and Responsibility to a Subordinate

question 80

Multiple Choice

____ involves assigning direct authority and responsibility to a subordinate to complete tasks for which the manager is normally responsible.

• A)A job description
• B)Staff functionality
• C)Delegation of authority
• D)Decentralization
• E)An organization chart

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Definitions:

Lower Price

A decrease in the cost at which goods or services are sold, often resulting from factors like increased supply or decreased demand.

Budget Line

A visual chart representing all the various combinations of two goods purchasable with a determined budget, with the prices of those goods fixed.

Price Falls

A reduction in the cost of goods or services in an market, often influenced by supply and demand dynamics.

Consumption

The usage of goods and services by households, contributing to the aggregate demand in an economy.