Sandra Delegated Work to an Employee Who Mismanaged Public Funds

question 33

Multiple Choice

Sandra delegated work to an employee who mismanaged public funds.Sandra,rather than the employee,was reprimanded for this mismanagement.Sandra is now reluctant to delegate because she

• A) does not care whether the work is properly done.
• B) knows the person who delegates remains accountable for the work.
• C) does not trust any of her subordinates.
• D) fears a subordinate will do the work so well that he or she will attract the approval of top management.
• E) is so disorganized that she simply cannot plan and assign work effectively.

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Definitions:

Efficient Frontier

A set of optimal portfolios offering the highest expected return for a defined level of risk or the lowest risk for a given level of expected return.

Human Capital

The economic value of an individual’s skills, knowledge, and experience, considered in the context of their ability to contribute to an economy.

Arbitrage Opportunity

The opportunity to buy an asset at a lower price in one market and sell it at a higher price in another, securing a risk-free profit.

Short Position

A trading strategy involving the sale of a security that is not owned by the seller, with the expectation that the price will decline, allowing it to be bought back at a lower price.