What Is the First Step in Effective Delegation

question 39

Multiple Choice

What is the first step in effective delegation?

• A) Be sure you communicate clearly when assigning the task.
• B) Match the desired task with the most appropriate employee.
• C) Determine what you want done.
• D) Hold the employee responsible for the work and any difficulties that may emerge.

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Definitions:

Coefficient of Variation

A statistical measure of the dispersion of data points in a data series around the mean, expressed as a percentage.

Expected Returns

The anticipated amount of profit or loss an investment is projected to generate.

Risk Aversion

A preference for lower-risk options over higher-risk ones, often seen in the behavior of investors seeking safer investments.

Security Market Line

A line that represents the relationship between the risk of an investment and its expected return, helping investors to assess the risk-return ratio.