Ralph,the Manager of a Busy Hardware Store,knows That He Needs

question 81

Multiple Choice

Ralph,the manager of a busy hardware store,knows that he needs to entrust many of his tasks to managers and other employees,rather than falling into the common trap of perfection,believing he is the only person who can do this right and on time.This process of assigning tasks to lower-level managers and employees is known as ____.

• A)handing
• B)outputting
• C)span of control
• D)delegation
• E)accountability

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Definitions:

Prior Period Adjustment

Corrections of material errors related to a prior period or periods, excluded from the determination of net income.

Retained Earnings

The portion of a company's profits that is kept or retained for reinvestment in the business, rather than being distributed to shareholders as dividends.

Stock Split

A corporate action to increase the number of outstanding shares by issuing more shares to current shareholders, proportionally decreasing the stock price.

Shares Outstanding

The total number of a company's shares of stock that are owned by shareholders, including both public investors and company insiders.