The decision-making approach that allows managers at lower levels to make and implement key decisions pertaining to their areas of responsibility is
A) responsibility accounting.
B) controllable accounting.
C) decentralization.
D) optimal strategic accounting.
E) None of these.

Question

Quizplus · Accepted Answer

Decentralization is the decision-making approach that allows managers at lower levels of an organization to make and implement key decisions pertaining to their areas of responsibility. This approach gives more autonomy to lower-level managers and allows for quicker decision-making as compared to a centralized approach where all decisions are made by top-level managers. Responsibility accounting and controllable accounting are related to performance measurement and do not necessarily determine decision-making authority, while optimal strategic accounting is not a widely recognized term in the field.

The Decision-Making Approach That Allows Managers at Lower Levels to Make