Management Finance - Part 1

Which of the following best describes the relationship among responsibility, authority and accountability?

Type: MCQ • Marks: 1
Which of the following best describes the relationship among responsibility, authority and accountability?
Options
A. Authority can exist without responsibility, but accountability always follows responsibility
B. Responsibility and authority are identical concepts
C. Accountability can always be delegated completely
D. Responsibility should generally be matched with adequate authority, while accountability remains attached to performance
Explanation
A manager cannot reasonably be held responsible for results without sufficient authority to influence them. Delegating authority does not ordinarily eliminate the superior's ultimate accountability.
UPSC Principal & Vice Principal Management Finance Administration

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