The breakeven point in business occurs when total sales revenues match expenses, indicating a point of balance where no profit or loss is incurred.
The breakeven point is a crucial concept in business and finance that signifies the equilibrium point at which a company's total sales revenues exactly equal its expenses. At this point, there is no profit or loss incurred. It is an important metric for businesses as it provides insights into the minimum level of sales required to cover all costs and expenses.
By calculating the breakeven point, businesses can assess the viability of their operations and make informed decisions about pricing, cost management, and overall financial stability. Understanding the breakeven point helps determine the sales volume needed to achieve profitability and serves as a benchmark for monitoring the performance and growth of a business.
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Many economists believe that the growth of the money supply is A. not related to output growth. B. inversely related to the price level. C. directly related to interest rate growth. D. positively related to the growth of real GDP.
Answer:
D.
Explanation:
They believe that controlling the supply of money directly influences inflation and that by fighting inflation with the supply of money, they can influence interest rate in the future.
There were 45 sales in the subject's market area over the last 9 months. There are currently 30 properties on the market. How many months of inventory is currently on the market
There are currently 6 months of inventory on the market.
To find out how many months of inventory is currently on the market, you need to divide the total number of properties available for sale by the average monthly sales.
Therefore, the formula to calculate the number of months of inventory is:
Number of months of inventory = Total number of properties available for sale / Average monthly sales
The question states that there were 45 sales in the subject's market area over the last 9 months, which means that the average monthly sales over the last 9 months can be calculated by dividing the total number of sales by the number of months:
Average monthly sales = 45 sales / 9 months
Average monthly sales = 5 properties per month
The question also states that there are currently 30 properties on the market.
Therefore:
Number of months of inventory = Total number of properties available for sale / Average monthly sales
Number of months of inventory = 30 properties / 5 properties per month
Number of months of inventory = 6 months
Hence, there are currently 6 months of inventory on the market.
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Frank had originally promised to pay Jane $1,500 3 months ago, $1,300 today and $1,250 4 months from now.
Frank missed his first payment and both parties have agreed to a new deal. Frank will now make two equal payments - one today and the remainder in 3 months.
Calculate each payment using an interest rate of 8.05% compounded monthly. Round your answer to 2 decimals.
The payment today would be $1,422.29, and the payment in 3 months would be $1,383.76.
To calculate the payments, we will use the present value formula and apply it to each cash flow. Considering an interest rate of 8.05% compounded monthly, we need to determine the present value of each payment.
The first payment of $1,300 today is already at present value, as there is no time difference. Therefore, the present value of this payment remains $1,300.
For the second payment, which is due in 3 months, we need to discount it to its present value. Using the formula and plugging in the values, we find that the present value of $1,250 due in 4 months is approximately $1,197.06.
Since Frank and Jane have agreed to make two equal payments, we can divide the total remaining amount ($1,500 - $1,300 - $1,197.06) by two to determine each payment.
Consequently, the payment to be made today would be approximately $1,422.29, and the payment due in 3 months would amount to approximately $1,383.76.
Therefore, under the new agreement, Frank will make two equal payments. The payment made today is $1,422.29, while the remaining payment to be made in 3 months is $1,383.76.
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.................. people lack enthusiasm.
prolly cuz we're all depressed in our own lives.
user a company purchases a patent for $90,000 on july 1, 2021. the patents useful life at tim of purchase is 15 years. how much authorization expens should the company record for calendar year 2021?
The company should record $1,800 of amortization expense for the calendar year 2021.
Amortization is the process of allocating the cost of intangible assets, such as patents, over their useful lives. In this case, the company purchased a patent for $90,000 with a useful life of 15 years. To calculate the annual amortization expense, we divide the cost of the patent by its useful life. Therefore, the annual amortization expense is $6,000 ($90,000 divided by 15).
However, the patent was purchased on July 1, 2021, so the company only used the patent for half of the year. Therefore, the company's amortization expense for 2021 is only for the half-year, which is $3,000 ($6,000 divided by 2).
To summarize, the company should record $1,800 of amortization expense for the calendar year 2021, which is calculated by dividing $3,000 by 12 months and multiplying by 6 months. The remaining cost of the patent will be amortized over the remaining useful life, which is 14 years as of January 1, 2022.
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On January 1, Cass City approved the following general fund resources for the new fiscal period:
Property Taxes: $4,000,000
Licenses and permits: 300,000
Intergovernmental revenues: 250,000
Transfers in from other funds: 150,000
What amount should Cass record as estimated revenues for the new fiscal year?
Cass City should record an estimated revenue of $4,700,000 for the new fiscal year. This amount is obtained by adding up all the approved general fund resources for the new fiscal period, which are property taxes, licenses and permits, intergovernmental revenues, and transfers from other funds. The total of these resources is $4,700,000.
It is important for Cass City to accurately record its estimated revenues for the new fiscal year, as it will help in creating an effective budget plan and managing its financial resources efficiently. Additionally, having accurate financial records and estimates is also necessary for complying with accounting and reporting requirements as well as making important financial decisions.
To calculate the estimated revenues for the new fiscal year, you need to add up the amounts of each revenue source. Here's a step-by-step explanation:
1. Property Taxes: $4,000,000
2. Licenses and permits: $300,000
3. Intergovernmental revenues: $250,000
4. Transfers in from other funds: $150,000
Now, add up these amounts:
$4,000,000 (Property Taxes) + $300,000 (Licenses and permits) + $250,000 (Intergovernmental revenues) + $150,000 (Transfers in from other funds) = $4,700,000
Cass City should record an estimated revenue of $4,700,000 for the new fiscal year.
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Rip garage, inc. (459 ellis avenue, harrisburg, pa 17111), is an accrual basis taxpayer that repairs automobiles. in late december 2017, the company repaired samuel mosley's car and charged him $1,000. samuel did not think the problem had been fixed, so he refused to pay; thus, trip refused to release the automobile. in early january 2018, trip made a few adjustments under the hood; trip then convinced samuel that the automobile was working properly. at that time, samuel agreed to pay only $900 because he did not have the use of the car for a week. trip said "fine," accepted the $900, and released the automobile to samuel. an irs agent thinks trip, as an accrual basis taxpayer, should report $1,000 of income in 2017, when the work was done, and then deduct a $100 business loss in 2018. prepare a memo to susan apple, the treasurer of trip, with your recommended treatment for the disputed income.
Answer:
MEMO
To: Treasurer of Trip Garage, Inc.
From: Me
Subject: Dispute over accrued revenue
Mrs. S. Apple,
Good evening. Regarding your dispute over accrued revenue generated form the repair of Mr. Mosley's car, I must inform you the following:
Trip Garage, Inc., is an accrual basis taxpayer, therefore, revenues must be recorded once the repair service was completed, not when the invoice was collected.
In future occasions when similar problems show up, you should record an allowance for doubtful accounts. This way, if you believe that an account receivable is unlikely to be collected, it will be not considered for the year's financial records. This adjusting journal entry must be recorded before the end of the year, if not, all related revenues must be included in the years income statement.
Regards,
Me
Explanation:
Accrual taxpayers are required to record revenues once the revenue generating activity has been completed, i.e. Trip should have recorded $1,000 in revenue during 2017:
Dr Accounts receivable 1,000
Cr Service revenue 1,000
If Trip didn't consider that it would be able to collect the $1,000 receivable, then it should have recorded it as bad debt expense:
Dr Bad debt expense 1,000
Cr Allowance for doubtful accounts 1,000
If thy did not record the bad expense, then the IRS agent is right, and the $1,000 must be included in the 2017 income statement.
In practice, most companies list accounts on their trial balance in alphabetical order.a. Trueb. False
The trial balance does not contain an alphabetical listing of the accounts. In reality, they are ordered in the following order: Assets.
Describe assets.One of the words with a general meaning and a defined meaning is "asset." The asset is a word that is commonly used to describe someone who is a real asset to their community.
But what do finance professionals understand by assets in the context of commercial accounting?
An asset is anything of value that a business anticipates will be useful in the future. The main element of a company's net worth is its assets. When giving loans, lenders may also take into account a company's assets. This article solely discusses company-owned assets; it does not discuss right-of-use assets (i.e. leased assets).
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Chiko bought 75 shares of stock at $19.58 per share. She recelved total dividends of $73.42 during the year. At the end of the year, her stock was valued at $22.14 per share. What was her ROI? (Round percentages to one decimal place.)
Answer:
Return on investment = 18.07% (Approx.)
Explanation:
Given:
NUmber of share = 75 shares at $19.58 per share
Amount of dividend received = $73.42
Stock value at end = $22.14 per share
Find:
Return on investment
Computation:
Purchase price = 75 x 19.58
Purchase price = $1,468.5
Final value + Dividend = 75(22.14) + 73.42
Final value + Dividend = $1,733.92
Profit = $1,733.92 - $1,468.5
Profit = $265.42
Return on investment = [Profit / Initial value]100
Return on investment = [265.42 / 1,468.5]100
Return on investment = 18.07% (Approx.)
Question 6 of 10
3 Points
A body of the letter is composed of the:
Answer:
Introduction
The body of the letter is usually divided into the three paragraphs (one is the introduction, then supporting details, then conclusion of topic).
Will mark BRAINLIEST!!!
Amanda works as an accountant at a small-sized firm that sends out multiple invoices daily. She wants to ensure that the firm's invoices have a professional look and format. Further, she wants to customize such invoices with the firm's logo. Which accounting program is most suitable for
Amanda's requirements?
A. OpenOffice Calc
В. QuickBooks
C. NetSuite
D. FreshBooks
E. Intact
Answer:
Netsuite
Hope this answer helps you :)
Have a great day
mark brainliest
Cam some plz make the journal of it?
I will mark it as a brainliest
Answer:
Hey will you marry me? serious question
state the principle of conservation of charge
Answer:
The principle of conservation of charge states that the net charge of an isolated system remains constant during any physical process.
Answer:
The quantization of electric charge is the property due to which all free charges are integral multiple of basic unit of charge of an electron (or proton) represented by e. The basic cause of quantization is that only integral no. of electrons can be transferred form one body to another on rubbing.
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The combination of producer and consumer surplus shows the: a. maximum price that buyers are willing to pay for a good b. minimum price buyers are willing to pay for a good c. maximum price that sellers can charge. d. minimum price below which sellers will not sell. . O o e. gains from voluntary exchange.
The combination of producer and consumer surplus shows the gains from voluntary exchange. The combination of producer and consumer surplus shows the economic welfare gained by producers and consumers from a transaction.
The area above the supply curve and below the market price represents the producer surplus, which reflects the difference between the lowest price a supplier is willing to accept for a good or service and the actual price they receive for it. Consumer surplus is generated when the price a consumer pays for a product is less than the maximum price they are willing to pay.
Thus, the combination of producer and consumer surplus shows the gains from voluntary exchange, which occur when producers and consumers agree on a price that is beneficial for both parties.
Therefore, option e is the correct answer.
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What'd Peyton thought that must've happened to bring him there?
I do not have access to the context in which Peyton was brought to a certain place. However, based on the given question, it seems that Peyton was likely in a situation where he was questioning how he ended up where he was.
In this type of situation, Peyton may have tried to piece together the events that led him to his current location. He may have reflected on his recent actions, the people he interacted with, or any unusual occurrences that he noticed before being brought there.
Peyton may have also considered external factors that could have influenced his situation, such as a mistake in directions or an unexpected turn of events. Additionally, he may have questioned if there was any intention behind his being brought to that specific location.
Overall, Peyton's thoughts on how he ended up where he was likely involved a combination of introspection and reflection on his surroundings. It is possible that he may have never found a definitive answer, but his thought process would have been a crucial step in understanding and potentially resolving his situation.
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Jay runs a successful high-end salon downtown and is looking to open a new location in a nearby suburb. He wants to research nearby competitors before
committing. Where should the business owner go to obtain a list of nearby high-end salons?
For the month of September, Florida, Inc. , incurs a direct materials cost of $12,000 for 7,500 gallons of strawberry lemonade produced in its Mixing Department. It also incurs conversion costs of $6,000 with 80% completed. If the conversion cost per equivalent unit was $1. 15 per gallon in August, what is the difference in the conversion cost per equivalent unit between the two months?
The difference in the conversion cost per equivalent unit between August and September for Florida, Inc. is $0.05 per gallon.
To calculate the conversion cost per equivalent unit in September, we need to determine the equivalent units of production for both direct materials and conversion costs. The equivalent units for direct materials is simply the number of gallons produced, which in this case is 7,500.
For conversion costs, we need to calculate the equivalent units of production for both the completed and in-process units. In September, the completed units were 6,000 gallons (80% of 7,500), while the in-process units were 1,500 gallons (20% of 7,500). The total equivalent units of production for conversion costs is 7,500 gallons.
To calculate the conversion cost per equivalent unit for September, we divide the total conversion costs ($6,000) by the total equivalent units of production (7,500 gallons). This gives us a conversion cost per equivalent unit of $0.80 per gallon.
To calculate the difference in conversion cost per equivalent unit between August and September, we subtract the August conversion cost per equivalent unit ($1.15 per gallon) from the September conversion cost per equivalent unit ($0.80 per gallon), which gives us a difference of $0.35 per gallon.
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your friends, jim and joey (16) are twin brothers and just received a $1000 inheritance from a wealthy aunt. jim wants the two of them to put their money together and buy a 4-wheeler. joey says he wants to put his money in a savings account. jim comes to you to ask you to help persuade joey to buy the 4-wheeler. what is your best financial advice?
The best argument to persuade Joey to buy the 4-wheeler is to inform him that keeping the money in a savings account would cause that money to loose value overtime (due to interest rates). Therefore, to ensure the best use of the $1000, it is ideal to use that money rather than save it.
The market exchange rate between Australian dollars and the US dollars is USD 0.75 per Australian dollar. The real exchange rate is 1.25. What is the PPP based exchange rate?
The PPP-based exchange rate cannot be determined without information on price levels in both countries.
The Purchasing Power Parity (PPP) exchange rate is a theoretical concept that suggests that the exchange rate between two currencies should equalize the purchasing power of each currency in their respective countries. To calculate the PPP-based exchange rate, we need to divide the real exchange rate by the ratio of price levels between the two countries.
Given:
Market exchange rate: USD 0.75 per Australian dollar
Real exchange rate: 1.25
To determine the PPP-based exchange rate, we need to consider the price levels in both countries. However, the given information does not provide specific data on price levels. Therefore, we cannot calculate the PPP-based exchange rate without additional information on price levels.
The PPP-based exchange rate is influenced by various factors such as inflation rates, relative price levels, and cost of living. Without knowing the specific price levels in both countries, it is not possible to calculate the PPP-based exchange rate accurately.
To obtain an accurate PPP-based exchange rate, we would need information on price levels or inflation rates in both Australia and the United States. With that information, we could calculate the ratio of price levels and use it to adjust the real exchange rate.
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Which of the following is true about competitive pricing? a. It is set by covering costs only. b. It is set by figuring out just how much a customer is willing to pay and pricing near that mark. c. It is at a medium level, somewhere in between extremes, using competitors’ prices as a starting point, and adjusting from there. d. It is set by covering costs and then adding some margin.
Answer: c. It is at a medium level, somewhere in between extremes, using competitors' prices as a starting point, and adjusting from there.
Explanation:
There is a lot of competition going on in most markets as this competition continues brands begin to look at what each other is doing to be able to beat themselves in the market. They understand that a good price and assured product will make them either loose or gain more clients and customers. This makes them focus on the price of each other and adjust or make out their own price from there.
Companies and firms often engage in competitive pricing. The true statement about competitive pricing is that It is at a medium level, somewhere in between extremes, using competitors’ prices as a starting point, and adjusting from there.
Competitive pricing is simply known as the act of selecting strategic price points to use in taking a degree of advantage of a product or service based market when compared to its competition.It is a pricing method that is often used by businesses selling similar products
This type of pricing strategy is often used when a price for a product or service has attained a level of equilibrium.
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influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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what is the estimated value of the stock of commercial property available to institutional investors
The estimated value of the stock of commercial property available to institutional investors is approximately $2.6 trillion.
What is commercial property?A commercial property is a property that is intended for use in a business or to produce income. Commercial properties are available in a variety of sizes and types, including office buildings, retail centers, warehouses, and more.
What is an institutional investor?An institutional investor is a business or organization that invests money on behalf of others, such as pension funds, endowments, or insurance companies. They typically invest in a variety of asset classes, including stocks, bonds, and real estate.
According to recent estimates, the value of commercial property available to institutional investors is around $2.6 trillion. This represents a significant portion of the overall real estate market and highlights the importance of institutional investors in the commercial real estate space.
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you won a free ticket to see an eric clapton concert (which has no resale value). bob dylan is performing on the same night and is your next-best alternative activity. tickets to see dylan cost $40. on any given day, you would be willing to pay up to $50 to see dylan. assume there are no other costs of seeing either performer. what is the opportunity cost of seeing the eric clapton concert?
Opportunity cost is defined as the loss of the next-best alternative activity; therefore, the opportunity cost of seeing Eric Clapton's concert rather than Bob Dylan's concert is $40. So, the correct answer is the first option: $40.
Opportunity cost can be defined as the value of the alternative options you give up when you make a choice. In this scenario, the opportunity cost of seeing Eric Clapton's concert is the value of the next-best alternative activity, which is Bob Dylan's concert.
The opportunity cost of seeing Eric Clapton's concert rather than Bob Dylan's concert is the value of the next-best alternative activity that is forgone. In this situation, the next-best alternative is seeing Bob Dylan, and the ticket price for his concert is $40.
Therefore, the opportunity cost of seeing the Eric Clapton concert is the cost of seeing Bob Dylan, which is $40. This implies that if you choose to go to the Eric Clapton concert, you will lose the opportunity to go to the Bob Dylan concert and will miss out on an enjoyable experience.
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DECA is a CTSO for:
A. Blue-collar Workers
B. Maintenance Workers
C. Fashion Students
D. Marketing Students
which of the following statements is true of local responsiveness? multiple choice local responsiveness generally entails higher costs. it helps reinforce a cost-leadership strategy at the business level. local responsiveness forms the basis for the globalization hypothesis. it reduces the differentiation of products and services.
Option 2 is correct: It helps reinforce a cost-leadership strategy at the business level.
Local responsiveness involves responding quickly and efficiently to the needs of a local market, such as by customizing products to meet customer preferences or providing local services.
This helps to maintain a cost-leadership strategy by allowing a business to provide better-quality products and services to a local market while still controlling costs.
Local responsiveness refers to the ability of a company to adapt its products, services, and business practices to meet the specific needs and preferences of customers in different markets around the world. This adaptation can include changes to product features, marketing strategies, distribution channels, and pricing structures.
The need for local responsiveness arises from the fact that customer preferences, cultural norms, and business practices can vary significantly across different regions and countries. In order to effectively compete in these markets, companies must be able to tailor their offerings to meet the unique demands of each market.
However, adapting to local markets can often entail higher costs for companies. They may need to invest in additional research and development, marketing campaigns, and supply chain infrastructure to effectively compete in different markets. These costs can reduce the overall profitability of a company's operations.
Therefore, while local responsiveness can be important for companies operating in global markets, it can also be a source of higher costs and reduced profitability. Companies must carefully balance the benefits of local responsiveness with the costs of adaptation in order to effectively compete in global markets.
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The Canadian Government has not yet offered â financial initiativesâ to farmers so as to encourage â sustainable farming practices. True False
The statement "The Canadian Government has not yet offered financial initiatives to farmers so as to encourage sustainable farming practices" is False because the Canadian Government provides many financial incentives to farmers to adopt sustainable farming practices.
It is important to ensure that farming practices do not negatively impact the environment and the resources are used in a sustainable way. As a result, the government provides many financial initiatives to farmers, such as subsidies, tax incentives, and other funding options, to promote sustainable farming practices.
This is because sustainable farming practices can be beneficial for the farmers, the consumers, and the environment. The Canadian Government is committed to supporting sustainable farming practices and providing financial incentives to farmers.
Hence, the given statement is false as the Canadian government offers financial initiatives to farmers to encourage sustainable farming practices.
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Why is flexibility the most obvious benefit of road transportation? (Select all that apply.)
Transportation companies can employ driving teams of two drivers in the same truck to increase haul times and daily mileage.
Trucks can go anywhere that there are roads.
Truck shipments are impervious to weather conditions like fog, ice, heavy rain, and snow.
Transportation companies can set up systems for having a truck driver approaching his or her maximum driving hours take freight to a drop location where a fresh driver can pick it up and continue on with it.
Answer:
Trucks can go anywhere that there are roads.
Explanation:
Road transport is considered flexible due to the extensive road network. Practically, they are roads almost everywhere including, cities, estates, and villages. As long as there is a road, trucks will get there. Road transport will reach almost any destination as long as there is a road. This is the reason road transport is flexible.
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
the federal deposit insurance corporation insures deposits up to $250,000 per person per financial institution. suzanne has $518,000 in a joint account with her husband, ted. how much is not covered by fdic insurance?
The total insured amount is $500,000 ($250,000 for Suzanne and $250,000 for Ted). The remaining $18,000 is not covered by FDIC insurance.
The Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 per person per financial institution.
If a depositor has more than one account at a bank, the total insured amount is $250,000 per account.
If the depositor has a joint account, each account holder is insured up to $250,000.
The total insurance coverage for joint accounts is $500,000.
The FDIC does not insure amounts over these limits.
Therefore, if a person has more than the insured amount in an account or multiple accounts, the excess is not insured by the FDIC.
In this problem, Suzanne has $518,000 in a joint account with her husband, Ted.
Since they have a joint account, each of them is insured up to $250,000.
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nikki bowles, recently promoted to a frontline management position, quickly learned that her manager, tim davis, would often delegate decision making to her. tim told her, "i want you to make as many decisions at your level as possible, because
As Tim Davis would often delegate decision making to her, he will most likely told her, "I want you to make as many decisions at your level as possible, because you deal directly with problems and opportunities and thus have the most relevant information."
What is known as a delegation?In management, a delegation refers to the assignment of authority to another person to carry out specific activities. It is also defined as a process of distributing, entrusting work to another person, and this is known as one of the core concepts of management leadership.
The process of delegation involves the managers deciding which work they should do themselves and which work should be delegated to others for completion. So, from a managerial view, a delegation involves shifting project responsibility to team members and by giving them opportunity to finalize the work product effectively with a minimal intervention.
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