The practice of delegating authority and responsibility is referred to as
A) decentralization.
B) standard costing.
C) management by exception.
D) centralization of authority.

Question

Quizplus · Accepted Answer

Decentralization refers to the delegation of decision-making authority throughout an organization, allowing for greater autonomy and flexibility in decision-making. This can help to improve responsiveness to local conditions, and can also reduce the burden on top-level management. Standard costing, management by exception, and centralization of authority are all related concepts, but do not refer specifically to the delegation of authority and responsibility.

The Practice of Delegating Authority and Responsibility Is Referred to as