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Top Management
The highest level of management in an organization, responsible for making strategic decisions.
Decentralization
The distribution of decision-making powers from central authority to individuals or units at lower levels within an organization or state.
Responsibility Accounting
The process of measuring and reporting operating data by areas of responsibility.
Responsibility Centers
Parts of an organization treated as separate entities for managerial accounting and performance measurement, each responsible for its own revenues, expenses, and investment funds.
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