The partners of a small accounting firm delegate responsibilities among themselves for various duties. Davis is responsible for professional development. After reserving a banquet room and food for a seminar at which a leading tax accountant will speak, Davis learns on the eve of the seminar that the guest cannot attend. If at another time Davis arranges a Christmas party at a local restaurant for partners and their spouses, the restaurant can demand payment from Davis if the firm fails to pay the bill.

Professional Development

A process of improving and increasing capabilities of staff through access to education and training opportunities in the workplace, through outside organization, or through watching others perform the job.

Banquet Room

A banquet room is a large room in a hotel, restaurant, or other venue, designed to host large gatherings, parties, or events such as weddings or conferences.

Seminar

A form of academic instruction, either at an academic institution or offered by a commercial or professional organization, focusing on a specific topic or project.