All of the following are characteristics that are required for effective responsibility accounting except:
A) motivation.
B) accountability.
C) centralization.
D) None of these answers are correct.

Question

Quizplus · Accepted Answer

Centralization refers to the concentration of decision-making authority in a few individuals or a single authority figure. It is not necessarily required for effective responsibility accounting. Rather, a decentralized approach may be more effective in certain situations where delegation and empowerment of lower-level managers is necessary for achieving organizational goals. Accountability and motivation are key characteristics of effective responsibility accounting, as they ensure that individuals are held responsible for their actions and are incentivized to perform to the best of their abilities.

All of the Following Are Characteristics That Are Required for Effective