The Three Steps in the Delegation Process Are ________

question 26

Multiple Choice

The three steps in the delegation process are ________.

• A) creating accountability, promoting acceptance, and facilitating performance
• B) assigning specific duties, granting authority, and creating responsibility
• C) assigning responsibility, creating accountability, and assigning specific duties
• D) creating responsibility, granting authority, and promoting acceptance
• E) assigning specific rules, creating responsibility, and promoting acceptance

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Definitions:

Demand Function

A mathematical equation that describes the relationship between the quantity of a good consumers are willing to buy and the good’s price, holding other factors constant.

Supply Function

A mathematical expression that shows the relationship between the quantity of a good supplied by producers and the price of the good.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price in a market.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers, resulting in market stability.