CUET Business StudiesBusiness Studies > Medium(A), (B) and (D) only(A), (B) and (C) only(A), (B), (C) and (D)(B), (C) and (D) only✅ Correct Option: 1Related questions:14 May Shift 2Delegation of authority is an important instrument for effective management. Which of the following is another point of importance of delegation?29 May Shift 2Which concept of management is defined as "a process that initiates implementation of plans by clarifying jobs and working relationships and effectively deploying resources for attainment of identified and desired results"?29 May Shift 2"Formal organization is a system of consciously coordinated activities of two or more persons toward a common objective". This definition of formal organization is given by: