Does organizational arrangement contradict basic principle

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Reference no: EM13921425

Joan Zimmerman owns a local CPA firm. The company employs 10 CPAs and some additional staff employees. Joan sets her own pay and makes most of the major decisions facing the firm. Joan often initiates new ideas and implements them. The company has no board of directors, and no one is responsible for monitoring Joan's actions. Does this organizational arrangement contradict the basic principle concerning the value of separating decision management and control? Explain.

Reference no: EM13921425

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