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.
UPSC Principal & Vice Principal Management Finance Administration

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