The Delegation of Power and Authority to Subordinates Is Referred

question 129

Multiple Choice

The delegation of power and authority to subordinates is referred to as:

• A) need for power.
• B) need for achievement.
• C) empowerment.
• D) passing the buck.
• E) need of affiliation.

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Definitions:

Diseconomies of Scale

Diseconomies of scale occur when a company or business grows to such a point that the costs per unit increase, opposite of achieving cost efficiencies through expansion.

Specialization

The process of focusing effort and resources on a limited number of activities to increase efficiency and productivity.

Constant Returns to Scale

A situation in which increasing the amount of inputs in production results in a proportional increase in output.

Long-run Total Costs

The total costs incurred by a firm when all factors of production are variable, emphasizing the period where no costs are fixed.