D
Explanation:
Delegation is the term used to describe the process where a line manager or more senior person in an organisation passes responsibility for decision making to someone lower in the hierarchy, for example a head of marketing asking one of the marketing team to design a marketing campaign.
Option A refers to limited liability which is a protection given to the shareholders of private and publicly traded companies. Limited liability means they can only lose the amount they invested in the business and nothing more.
Option B is a facility known as a bank overdraft. This is a short term source of finance where a bank allows a business to withdraw more money than they have in their account, up to an agreed limit.
Finally, option C refers to a business that is market orientated. This is an approach used by businesses that involve the customer through market research in the design of products/services so that they prioritise their needs in the design process.