A Suggestion for Effective Delegation Is to

question 26

Multiple Choice

A suggestion for effective delegation is to

• A) delegate part of a task.
• B) give as much instruction as needed.
• C) closely monitor the details.
• D) assign the task to the highest-ranking company official.

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Definitions:

Least Possible Cost

The minimum expenditure necessary to achieve a specific outcome or procure a good or service, often used in the context of production or economic theory.

Positive Economics

The branch of economics that focuses on objective analysis and facts to describe how economies actually work.

Efficient Market

A market in which all available information is fully and immediately reflected in asset prices, thus making it impossible to consistently achieve higher returns on investment than average market returns on a risk-adjusted basis.

Profit Opportunities

Situations where businesses can generate higher returns on investment than the market average.