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Commerce · Q545

Costing

Graduate and Post Graduate · Commerce · question 545

Q545

An assignment of task for managers, who are accountable for their actions in controlling and budgeting of resources is classified as

A.
coordinating company effort
Answer
B.
action plan
C.
action accountability
D.
project accountability

Answer: Option A

Solution

Answer: Option A
Solution:
An assignment of task for managers, who are accountable for their actions in controlling and budgeting of resources is classified as coordinating company effort. Co-ordination is the unification, integration, synchronization of the efforts of group members so as to provide unity of action in the pursuit of common goals. It is a hidden force which binds all the other functions of management.