decentralization

decentralization The delegation of decision-making responsibilities to the subunits of an organization. The advantages claimed for decentralization are that local managers are more aware of immediate problems, are better motivated, and have greater control over local circumstances. The disadvantages of decentralization are the possibility of wasteful competition between subunits, the duplication of certain services and functions, and the loss of central control and access to information. Seedivisionalization.

• statement of comprehensive income
• Statement of Financial Accounting Standards
• statement of financial position
• statement of movements in shareholders’ funds
• Statement of Standard Accounting Practice
• statement of terms of employment
• statement of total recognized gains and losses
• STATEMENTS OF STANDARD ACCOUNTING PRACTICE
• state ownership
• State Second Pension
• static risk
• Stationery Office
• statistical demand analysis
• statistical process control
• statistics
• statute-barred debt
• statutory accounts
• statutory audit
• Statutory Audit Directive
• statutory books
• statutory company
• statutory maternity pay
• statutory sick pay
• stepped costs
• stepped preference share