Which of the Following Statements About Delegation Is True

question 16

Multiple Choice

Which of the following statements about delegation is true?

• A) Delegation is synonymous with participation.
• B) The group shares decision-making authority with management.
• C) When a manager delegates decision-making authority, the subordinate makes a recommendation and then the manager makes the final decision.
• D) Managers delegate to have more time to spend on the most important tasks and decisions.

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Definitions:

Replenishment Rates

The speed at which inventory is replaced after sales, crucial for maintaining optimal stock levels.

Optimal Extraction Level

The point at which the marginal cost of extracting a resource equals the marginal revenue, yielding the maximum possible profit.

User Cost

The cost associated with using an asset over a period, including wear and tear, depreciation, and possible opportunity costs of not investing elsewhere.

Interest Rates

The cost of borrowing money or the return on savings, usually expressed as a percentage of the principal amount.