Delegation Is All of the Following Except

question 32

Multiple Choice

Delegation is all of the following except:

• A) a contract.
• B) an agreement between two parties that is fully understood and accepted by both.
• C) giving a portion of one's responsibility and authority to a subordinate.
• D) a skill that we have all heard of and understand.
• E) Both a and d

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Definitions:

Risky

Involving exposure to danger or financial loss probabilities.

Financial Intermediary

An intermediary that buys securities with funds that it obtains by issuing its own securities. An example is a common stock mutual fundthat buys common stocks with funds obtained by issuingshares in the mutual fund.

Financial Assets

Assets that derive value because of a contractual claim, such as stocks, bonds, bank deposits, and mutual funds.

Income Trusts

Investment vehicles that hold income-producing assets and pass on earnings to investors, typically in sectors like real estate, oil and gas, or business.