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Harry,a top manager of an organization,clearly differentiated the tasks and responsibilities of his employees.Moreover,he emphasized that top level executives should do the planning and the lower level executives should execute those plans.Identify the management technique used by Harry.
At-risk Amount
The maximum amount of money an investor could lose in an investment, often used in the context of limiting losses in tax sheltered investments.
Passive Activity
Economic activities in which the taxpayer does not materially participate, often associated with rental properties or certain business investments.
Ordinary Loss
A loss incurred in the normal operation of a business, which can be used to reduce other taxable income on an owner's tax return.
Itemized Deductions
Expenses that taxpayers can subtract from their taxable income, detailed on Schedule A of the tax return.
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