Solution
Option 1 -> Delegation empowers employees to make decisions at their level, eliminating the need to wait for approval from higher management, which accelerates the decision-making process.
Option 2 -> Delegation actually reduces bureaucracy by decentralizing authority and eliminating unnecessary approval layers, making it an incorrect benefit.
Option 3 -> Effective delegation typically improves employee satisfaction and retention by providing growth opportunities, rather than increasing turnover.
Option 4 -> Delegation increases rather than reduces employee involvement by giving them more responsibility and decision-making authority in their roles.
Hence, Option 1: Faster decision-making -> Delegation distributes decision-making authority to lower levels of the organization, allowing employees to act quickly without waiting for management approval, thereby significantly speeding up the entire decision-making process -> correct