ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!


    Question

    When a senior manager transfers part of his authority

    and responsibility to subordinates for the completion of specific tasks, the process is known as:
    A Delegation Correct Answer Incorrect Answer
    B Assignment Correct Answer Incorrect Answer
    C Management Correct Answer Incorrect Answer
    D Agency function Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Delegation is a fundamental management process where a manager assigns responsibility for a task to subordinates while also granting the authority needed to accomplish it. тАв It ensures effective utilization of managerial time by freeing senior managers from routine activities. тАв It develops subordinates by giving them opportunities to take ownership and build decision-making skills. тАв Good delegation creates motivation, accountability, and succession planning, while poor delegation leads to confusion, inefficiency, and demotivation. Thus, the process described in the question is correctly termed as Delegation.

    Practice Next
    More Financial Management Questions
    ask-question