Delegation Occurs When a Manager Assigns a Task to a Subordinate

question 89

True/False

Delegation occurs when a manager assigns a task to a subordinate who then is accountable to the manager for completion of the task.

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Definitions:

Capital Balances

The amount of money that owners have invested in a business, typically shown in the equity section of the balance sheet.

Ending

The final balance or the concluding part of a financial statement or period.

Capital Balances

The amount of money invested in a business by its owners plus the retained earnings (or minus the losses).

Profits and Losses

The financial gains and shortfalls incurred by a business during its operations, reflecting the difference between revenues and expenses.