IGNOU IBO 6 2017 2018 - Centralized and decentralized cash management

Question

Centralized and decentralized cash management

29 Aug 2017

Answer :

Word Count : 347

Centralized cash management: - A pivot location or group of managerial personnel for the planning and decision making or taking activities of the organization is known as Centralization. In this type of organization, all the important rights and powers are in the hands of the top level management.

In earlier times, centralization policy was the most commonly practiced in every organization to retain all the powers in the central location. They have full control over the activities of the middle or low level

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