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Managers who delegate authority and welcome team members' participation are said to excel in
Overbooking
A practice where a service provider (like airlines or hotels) accepts more reservations than there is capacity, anticipating that there will be some cancellations.
Wasted Capacity
The portion of production capacity that goes unused or is not effectively utilized.
Capacity Shortage
A situation where the demand for a product or service exceeds the available supply or production capability.
Peak Periods
Refers to times of highest demand or activity within a business or market sector, often requiring increased resources or capacity.
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