ENTREPRENEURSHIP

Detailed explanation-1: -Delegation is the assignment of authority to another person (normally from a manager to a subordinate) to carry out specific activities. It is the process of distributing and entrusting work to another person, and therefore one of the core concepts of management leadership.

Detailed explanation-2: -Authority is the power or right to make decisions, enforce rules, or take action. In contrast, responsibility is the obligation to ensure something is done or achieved. Understanding these two concepts’ differences is essential for effective leadership, accountability, and decision-making.

Detailed explanation-3: -Answer: Authority of a manager is the right way of commanding subordinates, issuing orders, and getting the team to comply with them. Further, it is the right of the manager to make decisions and to act or refrain from acting based on his perception of the organization’s objectives.

Detailed explanation-4: -Delegation of Authority means division of authority and powers downwards to the subordinate. Delegation is about entrusting someone else to do parts of your job. Delegation of authority can be defined as subdivision and sub-allocation of powers to the subordinates in order to achieve effective results.