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Managerial Accounting: The Corners...

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

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Explain why firms choose to decentralize.

To determine

Describe the reason why firms opt to decentralize.

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.

Following are the reasons for decentralization:

  • • It becomes easier for firms to collect and use local information...

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