Mention the features of decentralization.

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Answer 1

Question

Chapter 9, Problem 1LO

To determine

Mention the features of decentralization.

Expert Solution & Answer

Explanation of Solution

Decentralization: In a company where the authority and responsibility of operating decisions are delegated to the divisional or segment managers, paving way for the responsibility accounting, such a practice is referred to as decentralization.

Features of decentralization:

Authority and responsibility of operating decisions is delegated to the concerned department or division, or the segment, referred to as responsibility center.
This delegation of authority divides the management based on the responsibility in an hierarchical order.
The managers are made responsible for the costs, revenues, and profits of the responsibility centers under their control.

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Answer 2

Question

Chapter 9, Problem 1LO

To determine

Mention the features of decentralization.

Expert Solution & Answer

Explanation of Solution

Decentralization: In a company where the authority and responsibility of operating decisions are delegated to the divisional or segment managers, paving way for the responsibility accounting, such a practice is referred to as decentralization.

Features of decentralization:

Authority and responsibility of operating decisions is delegated to the concerned department or division, or the segment, referred to as responsibility center.
This delegation of authority divides the management based on the responsibility in an hierarchical order.
The managers are made responsible for the costs, revenues, and profits of the responsibility centers under their control.

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Answer 3

Question

Chapter 9, Problem 1LO

To determine

Mention the features of decentralization.

Expert Solution & Answer

Explanation of Solution

Decentralization: In a company where the authority and responsibility of operating decisions are delegated to the divisional or segment managers, paving way for the responsibility accounting, such a practice is referred to as decentralization.

Features of decentralization:

Authority and responsibility of operating decisions is delegated to the concerned department or division, or the segment, referred to as responsibility center.
This delegation of authority divides the management based on the responsibility in an hierarchical order.
The managers are made responsible for the costs, revenues, and profits of the responsibility centers under their control.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 9, Problem 1LO

To determine

Mention the features of decentralization.

Expert Solution & Answer

Explanation of Solution

Decentralization: In a company where the authority and responsibility of operating decisions are delegated to the divisional or segment managers, paving way for the responsibility accounting, such a practice is referred to as decentralization.

Features of decentralization:

Authority and responsibility of operating decisions is delegated to the concerned department or division, or the segment, referred to as responsibility center.
This delegation of authority divides the management based on the responsibility in an hierarchical order.
The managers are made responsible for the costs, revenues, and profits of the responsibility centers under their control.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 9, Problem 1LO

To determine

Mention the features of decentralization.

Expert Solution & Answer

Explanation of Solution

Decentralization: In a company where the authority and responsibility of operating decisions are delegated to the divisional or segment managers, paving way for the responsibility accounting, such a practice is referred to as decentralization.

Features of decentralization:

Authority and responsibility of operating decisions is delegated to the concerned department or division, or the segment, referred to as responsibility center.
This delegation of authority divides the management based on the responsibility in an hierarchical order.
The managers are made responsible for the costs, revenues, and profits of the responsibility centers under their control.

Answer 6

Chapter 9, Problem 1LO

To determine

Mention the features of decentralization.

Expert Solution & Answer

Explanation of Solution

Decentralization: In a company where the authority and responsibility of operating decisions are delegated to the divisional or segment managers, paving way for the responsibility accounting, such a practice is referred to as decentralization.

Features of decentralization:

Authority and responsibility of operating decisions is delegated to the concerned department or division, or the segment, referred to as responsibility center.
This delegation of authority divides the management based on the responsibility in an hierarchical order.
The managers are made responsible for the costs, revenues, and profits of the responsibility centers under their control.

Answer 7

Chapter 9, Problem 1LO

To determine

Mention the features of decentralization.

Answer 8

Expert Solution & Answer

Explanation of Solution

Decentralization: In a company where the authority and responsibility of operating decisions are delegated to the divisional or segment managers, paving way for the responsibility accounting, such a practice is referred to as decentralization.

Features of decentralization:

Authority and responsibility of operating decisions is delegated to the concerned department or division, or the segment, referred to as responsibility center.
This delegation of authority divides the management based on the responsibility in an hierarchical order.
The managers are made responsible for the costs, revenues, and profits of the responsibility centers under their control.