ECONOMICS

Detailed explanation-1: -According to the principle of absolute responsibility, authority can be delegated but responsibility and accountability cannot be delegated by a manager. The manager is responsible or accountable to his own superior for both, the tasks that he has assigned his subordinates and the acts of his subordinates.

Detailed explanation-2: -Answer and Explanation: The statement is false. Accountability, unlike authority, cannot be delegated.

Detailed explanation-3: -True. Authority is delegated, responsibility is assured and accountability is imposed. Responsibility is derived from authority and accountability is derived from responsibility.

Detailed explanation-4: -As per this principle, authority can be delegated but accountability is absolute and cannot be delegated. The person who delegates authority remains accountable to his own boss for the work performance of his subordinates.

Detailed explanation-5: -Each member of the delegation is called a delegate. Delegation is the assignment of authority to another person to carry out specific activities. It is the process of distributing and entrusting work to another person. Hence, statement 1 is Not correct.