A Classical Management Principle That Says Authority Should Equal Responsibility

question 50

Multiple Choice

A classical management principle that says authority should equal responsibility refers to which of the following?

• A) Delegation
• B) Centralization
• C) Empowerment
• D) Organizational Design

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Definitions:

Activity Rate

A metric used to allocate costs to cost objects based on the activities that drive costs, often used in activity-based costing.

Estimated Costs

Projected or forecasted costs associated with manufacturing, projects, or operations, used for budgeting and planning purposes.

Activity-Based Costing

A costing method that allocates overhead costs to specific products or activities based on their consumption of resources.

Estimated Overhead Cost

The projected cost of indirect production expenses for a specific period.