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.
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UPSC Principal & Vice Principal Management Finance Administration

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