According to the Parity Principle,management Should Not Delegate Authority to Subordinates

question 77

True/False

According to the parity principle,management should not delegate authority to subordinates.

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Definitions:

Ability-To-Pay Principle

A tax principle that suggests taxes should be levied according to an individual's or entity's ability to pay, typically measured by income or wealth.

Revenue

The cumulative revenue produced from transactions involving the main business activities, such as selling goods or services.

Local Governments

Public administrations operating at the municipal, township, county, or regional level that manage local affairs, regulations, and services.

Property Tax

A levy on property that the owner is required to pay, with the amount usually based on the property's value.