Select the most appropriate meaning of the underlined idiom in the given sentence.

The new CEO is in favour of giving plenty of elbow room to the managers.

freedom to do what one wants

The most appropriate meaning of the underlined idiom in the given sentence is freedom to do what one wants.

The idiom "elbow room" means freedom to move or act without being restricted. It is often used in a business context to describe the level of autonomy that managers have to make decisions and take actions.

In the sentence, the speaker is saying that the new CEO is willing to give the managers a lot of freedom to do their jobs. He or she does not want to micromanage them and will allow them to make their own decisions.