Examlex
_____ is the process managers use to transfer authority and responsibility to positions below them in the hierarchy.
Liabilities
Financial obligations or debts owed by a business or individual to others that must be paid back.
Assets
Resources owned by a business or individual that have economic value and can contribute to future profits.
Excess Capacity
A situation in which a company can produce more goods or services than the market demands, often leading to idle resources or reduced production rates.
Efficient
The quality of achieving maximum productivity with minimum wasted effort or expense.
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