The practice of delegating authority and responsibility is referred to as:
A) Centralization of authority.
B) Standard costing.
C) Management by exception.
D) Decentralization.

Question

Quizplus · Accepted Answer

The practice of delegating authority and responsibility is referred to as decentralization. This means that decision-making power and responsibilities are distributed among different levels of management within an organization rather than being concentrated at the top. Centralization refers to the opposite, where decision-making power is concentrated at the top. Standard costing and management by exception are different concepts in managerial accounting.

The Practice of Delegating Authority and Responsibility Is Referred to As