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Explain How the Linking of Rewards to Responsibility Centre Results

question 57

Essay

Explain how the linking of rewards to responsibility centre results affects incentives and risk.


Definitions:

Flow Chart

A diagram that represents a process, showing the steps as boxes of various kinds, and their order by connecting them with arrows.

Position Chart

A visual representation that outlines the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.

Pattern Diagram

A visual representation that outlines the relationship or structure among various elements of a system or process, used for analysis or design purposes.

Learning Organization

An organization that facilitates the learning of its members and continuously transforms itself to improve and adapt.

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