Examlex

Solved

What Is a Capacity Cushion, and Why Would a Firm

question 62

Essay

What is a capacity cushion, and why would a firm have one?


Definitions:

Delegation

The act of transferring to another person the authority to perform a particular task or function.

Assignment

The transfer of rights, duties, or interests from one party to another.

Obligation

A legal or moral duty or responsibility that one party owes to another, enforceable by law.

Discharged

Released from a legal duty or liability, often used in contexts as being discharged from a contractual obligation or from bankruptcy.

Related Questions