Delegation refers to the passing of authority from the manager to the subordinates while decentralization refers to the transfer of decision... View Article
The main difference between centralization and decentralization is that in centralization the decision making authority stays with the top level... View Article
Features of decentralization are: Delegation of authority to lower management Faster response time Quick decision making Development of... View Article
An example of a decentralized system of organisation will be McDonalds, the famous fast food chain which has franchises operating all over the... View Article
The following are the advantages of decentralisation: It reduces the burden on the top management. It enables faster decision making It... View Article
Decentralisation refers to the transferring of responsibilities to the middle and lower management by the top management in an organisation.... View Article
Decentralization refers to a type of organisational structure where the decision making responsibilities and the conduct of day to day operations... View Article
Partnerships are easy to set up as they do not require lengthy documentation and rules in order to set up. It can be established with two persons... View Article
Promissory note is issued by the debtor to pay a certain amount to the creditor on a specific date or on demand. Also read: MCQs on Bills of... View Article
Bill of exchange is an order to pay, and not a promise to pay. Therefore, bill of exchange is not regarded as a loan. Also read: MCQs on... View Article
Bill of exchange is unconditional as it contains a written order made by the drawer to the drawee, is signed by the drawer and requires the... View Article
Bill of discounting is a discount or fee that the bank deducts from the seller’s payment in order to release the payment before the due... View Article
Bill of exchange is a negotiable instrument that contains an unconditional order to the drawee for paying a specified amount of money to the... View Article
The contents of a bill of exchange are as follows: Amount of bill Date of payment Place of payment Interest if any that needs to be paid... View Article
