BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

Solutions

Chapter
Section
BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
1 views

The practice of delegating authority to division-level managers by top management is

  1. a. decentralization.
  2. b. good business practice.
  3. c. centralization.
  4. d. autonomy.
  5. e. never done in business today.

To determine

Identify the practice of delegating the authority to division-level managers by top management.

Explanation

Decentralization:

Decentralization can be defined as the practice of assigning the responsibility of decision-making to the managers at a lower level. It allows the managers to make the decision and implement it to the areas of responsibility.

a.

Decentralization means assigning the duties and responsibilities to the lower-level managers. It helps the top-level managers to focus on central management. Therefore, this option is correct.

b.

The practice of assigning the responsibility of decision-making to the managers at a lower level cannot be a good business practice for small organizations...

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Business Solutions

Find more solutions based on key concepts

Show solutions add

Whats the difference between a call for sinking fund purposes and a refunding call?

Fundamentals of Financial Management (MindTap Course List)

CAPM AND REQUIRED RETURN Calculate the required rate of return for Manning Enterprises assuming that investors ...

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)