Business Studies

State the relationship between authority, responsibility and accountability.


SOLUTION
Responsibility.
Responsibility indicates the duty assigned to a position. The person holding the position has to perform the duty assigned. It is his responsibility. The term responsibility is often referred to as an obligation to perform a particular task assigned to a subordinate. In an organisation, responsibility is the duty as per the guidelines issued.
Authority.
Authority is the right or power assigned to an executive or a manager in order to achieve certain organizational objectives.
Accountability.
Every employee/manager is accountable for the job assigned to him. He is supposed to complete the job as per the expectations and inform his superior accordingly. Accountability is the liability created for the use of authority. It is the answerability for performance of the assigned duties
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Subjective Medium Published on 18th 09, 2020
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