An organizational practice, according to which the decision making freedom is available to lower level managers is known as _____________?
Correct answer: A. decentralization
- A. decentralization
- B. centralization
- C. autonomy of effort
- D. congruency
Explanation
Decentralization gives lower-level managers authority to make decisions within their areas. Centralization keeps that authority at higher management levels.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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