Management Finance - Part 1

A principal delegates procurement authority to a vice-principal but establishes expenditure ceilings, documentation requ...

Type: MCQ • Marks: 1
A principal delegates procurement authority to a vice-principal but establishes expenditure ceilings, documentation requirements and periodic review This arrangement best illustrates:
Options
A. Uncontrolled decentralisation
B. Elimination of accountability
C. Complete centralisation
D. Delegation combined with internal control
Explanation
Effective decentralisation requires controls such as financial ceilings, documentation, reporting and review.
UPSC Principal & Vice Principal Management Finance Administration

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