When You Delegate Responsibility and Authority, You Must Be Prepared

question 121

True/False

When you delegate responsibility and authority, you must be prepared to allow employees to fail.

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Definitions:

Flow Management

The process of overseeing and regulating the movement of goods, services, and information through the supply chain.

Pricing Department

A division within a company responsible for setting prices for products or services based on market research, cost analysis, and competitive strategies.

Engineering Department

A division within a company responsible for developing, implementing, and maintaining engineering projects and processes.

Customer Value

The perception of what a product or service is worth to a customer versus the possible alternatives.