Management Finance - Part 1

Which of the following best represents delegation?

Type: MCQ • Marks: 1
Which of the following best represents delegation?
Options
A. Giving responsibility without authority
B. Transferring some authority to a subordinate to perform assigned responsibilities
C. Eliminating accountability of the superior
D. Abolishing hierarchy
Explanation
Delegation involves assigning responsibility and granting appropriate authority. The superior normally retains ultimate accountability.
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UPSC Principal & Vice Principal Management Finance Administration

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