Compare and Contrast Fiedler's Contingency Model and House's Path-Goal Theory

question 45

Essay

Compare and contrast Fiedler's contingency model and House's path-goal theory.

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Definitions:

Responsibility Accounting

The process of measuring and reporting operating data by areas of responsibility.

Responsibility Centers

Responsibility centers refer to distinct segments or areas within a company for which individual managers are accountable for revenue, costs, or investments.

Responsibility Center

An organizational unit for which a manager is assigned responsibility over costs, revenues, or assets.

Cost Center

A division or department within an organization that does not directly generate profits but incurs costs, often evaluated for efficiency.