Delegation is the process of entrusting responsibility and authority to another person (usually a subordinate) to perform specific tasks. Statement 1 is incorrect: Delegation is not abdication of responsibility. The person delegating still retains overall responsibility and accountability for the outcome. Statement 2 is incorrect: Delegation is typically the conferring of authority by a higher authority to a lower one. Statement 3 is correct: Delegation is subject to supervision and review by the delegating authority to ensure the task is performed correctly and efficiently. Statement 4 is correct: Delegation is a fundamental method for dividing authority within an organization, allowing managers to focus on strategic tasks while subordinates handle operational ones.