Delegation assigns work and power to other workers as required by the centralization or decentralization of authority within the organization. What is the last step in the delegation process?1. Prepare2. Assign3. Confirm understanding4. Confirm commitment5. Avoid reverse delegating6. Ensure accountability

6) Ensure accountability

Explanation:

The six steps in the delegation process are:

Prepare: you must be sure what decisions and tasks you are going to delegate.Assign: notify your subordinates what decisions and tasks are being delegated and to whom.Confirm understanding: Ask you subordinates if they clearly understood the information given to them. Confirm commitment: As your subordinates if they are OK with the decisions and tasks delegated to them.Avoid reverse delegating:  the supervisor or manager must make sure that the employees are performing the tasks delegated to them, and that the process was actually carried out.  Ensure Accountability: each employee is responsible and must be held accountable for performing every task delegated to them.

3 years

Explanation:

First method

The PV of the investment can be written as:

PV1 = $15,000 + $32,500/(1+0.06)^n

Second method

The PV of the investment can be written as:

PV2 = $23,000 + $23,000/(1+0.06)^n

After n years both projects will be economically equal. Hence their present value must be equal PV1 = PV2

$15,000 + $32,500/(1.06)^n = $23,000 + $23,000/(1.06)^n

$23,000 - $15,000 = $32,500/(1.06)^n - $23,000/(1.06)^n

$8,000 = $9,500/(1.06)^n

(1.06)^n = $9,500/$8,000

(1.06)^n = 1.1875

Taking log on both sides we get:

nlog1.06 = log 1.1875

n = log 1.1875/log 1.06

n = 0.07463361829/0.02530586526

n = 2.94926166417121

n = 3

So, the answer is 3 years