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The responsibility of the person or organization responsible for a task to take credit for all positive outcomes and blame for all negative outcomes. Accountability is desirable in finance and economics because it promotes efficiency. See also: Transparency.


an employee's RESPONSIBILITY for the exercise of certain duties and the requirement to report to his superiors on his performance of them. In recent years, many managers have attempted to strengthen lines of accountability so as to achieve improvements in the job performance of their subordinates.

One approach to this has been th creation of PROFIT CENTRES. The profit performance of these subunits of the organization can be closely monitored by organizational leaders, thereby increasing the accountability of those working in the profit centres. In so far as creation of profit centres involves a measure of decentralization of decision-making, decentralization of responsibility and AUTHORITY can be coupled with increased accountability. See MANAGEMENT, ORGANIZATION.

References in periodicals archive ?
By moving our core business of professional services and commercial staffing into Hyperion, Hyperion serves AccountAbilities as the vehicle for becoming a full SEC reporting company with the ability to apply for listing on a major exchange," stated Stephen DelVecchia, CFO of AccountAbilities.
In No More Excuses, Silverstein identifies the Five Accountabilities shared by all truly successful people and organizations.
Management believes that the foregoing issuance of equity in exchange for debt provided a valuable opportunity for Accountabilities to lower its existing debt obligations on favorable terms.

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