What Kind(s)of Delegation Occur(s)in Business

question 27

Multiple Choice

What kind(s) of delegation occur(s) in business?

• A) Delegation from the capital providers to the enterprise
• B) Delegation from the capital providers to managers
• C) Delegation within the organization to specialized managers
• D) All of these.

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Definitions:

Consequential Damage

Refers to indirect losses suffered as a result of a breach of contract, beyond the immediate and direct damages.

Substitute Goods

Products that can serve as replacements for each other; demand for one increases when the price of the other increases.

Cover

To obtain substitute or equivalent goods.

Obsolete

No longer produced or used; out of date.