Once Tasks Are Delegated and Authority Provided, What Should a Manager

question 90

Multiple Choice

Once tasks are delegated and authority provided, what should a manager do?

• A) Focus on the results achieved by subordinates
• B) Focus on the techniques used to achieve the results
• C) Focus on both the results and how the results were achieved

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Definitions:

Product Costs

Costs that are directly associated with the production of goods or services.

Margin of Safety

Margin of Safety represents the difference between actual sales and break-even sales, indicating the amount by which sales can decrease before a business incurs a loss.

Break-Even Point

The point at which total costs equal total revenues, indicating that a business is not making a profit but also not incurring a loss.

Variable Cost

Costs that vary in direct proportion to changes in a business’s level of activity or volume of output produced, such as materials and labor.