BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Responsibility> Authority
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Authority> Responsibility
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Authority= Responsibility
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All of the above
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Detailed explanation-1: -According to Henri Fayol, there should be a balance between authority and responsibility. If there is more authority than responsibility, the employees will get frustrated. If there is more responsibility than authority, the manager will feel frustrated.
Detailed explanation-2: -It can be defined as respect for justice and involves efforts to fair treatment of all stakeholders. This means that ethical responsibility is central to the company’s democratic legitimacy.
Detailed explanation-3: -In an ideal scenario, authority and responsibility along with power and accountability are equal to each other in every position of the organization. If the balance between them gets disturbed, problems arise.
Detailed explanation-4: -Authority means a formal, institutional or legal power in a particular job, function or position that empowers the holder of that job, function or position to successfully perform his task. Responsibility is the obligation of a subordinate to perform a duty, which has been assigned to him by his superior.