Select the term from below to match with the correct statement.
-The practice of delegating decision-making authority to lower levels is __________.
A)centralization
B)revenue center
C)profit center
D)cost center
E)investment center
F)decentralization

Question

Quizplus · Accepted Answer

Decentralization is the term used to describe the practice of delegating decision-making authority to lower levels. Centralization refers to the opposite practice of concentrating decision-making authority at the top of the organizational hierarchy. Revenue center, profit center, cost center, and investment center are all different types of departments within an organization that are used to classify functions based on their financial impact.

Select the Term from Below to Match with the Correct