_____ is the process of assigning managerial authority and responsibility to lower-level managers and employees.
A. Authority
B. Planning
C. Delegation
D. A power trip
E. Control
C. Delegation
Delegation is the process of assigning managerial authority and responsibility to managers and employees lower in the hierarchy.
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Benton and Orton are partners who share income in the ratio of 1:3 and have capital balances of $70,000 and $30,000 respectively. Ramsey is admitted to the partnership and is given a 40% interest by investing $20,000. What is Benson's capital balance after admitting Ramsey?
A) $20,000 B) $7,000 C) $70,000 D) $63,000
The marketing manager at Little Red Architects, a firm that specializes in the design of school buildings, discovered a glitch in the software that the firm uses. As a result, some of its most recent projects will come in over budget. In the context of SWOT analysis, a discussion of this would be included under ________.
A. strategies B. opportunities C. threats D. weaknesses E. strengths
Which of the following is the best advice to follow when receiving telephone calls for others?
A) Identify your colleague's whereabouts if you are answering his or her phone. B) Guarantee the caller that your colleague will return the call within a few hours. C) Verify telephone numbers and spelling of names when taking messages. D) Find your coworker immediately and report that he or she has an incoming call.
Federal law governs the obligations, if any, that members of a limited liability partnership owe to creditors
a. True b. False Indicate whether the statement is true or false