Examlex
Select the correct statement from those below:
Decentralization
The distribution of decision-making powers from a central authority to lower levels in an organization or across various geographic locations.
Quality Managers
Professionals responsible for monitoring and maintaining the quality of products and services in a company to meet specified standards.
Responsibility Accounting
A system of accounting in which different sections of an organization are evaluated on the basis of their financial performance and managers are held accountable for operational results.
Lower-Level Managers
Managers who are at the first or second layer of the management hierarchy, typically responsible for overseeing the day-to-day operations and reporting to higher-level managers.
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