Asked by Desirea Moore on Apr 28, 2024
Verified
Effective budgeting requires clearly defined lines of authority and responsibility.
Authority And Responsibility
A management principle stating that a person with authority (power to make decisions) should also be responsible for the outcomes of those decisions.
- Gain insight into the principles governing budget administration and the essential aspects of authority and responsibility.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
True
Explanation :
Clear lines of authority and responsibility ensure that everyone involved in the budgeting process understands their roles and can be held accountable for their contributions. This helps prevent confusion, duplication of effort, and potential errors or oversights in the budget.
Learning Objectives
- Gain insight into the principles governing budget administration and the essential aspects of authority and responsibility.
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