It doesn't even support multiple administrators.

You can easily create multiple accounts that have the uid 0. Groups are a fundamental part of discretionary access system and several administrative groups exist by default. Your modern desktop oriented distribution may not take advantage of these facts.

logs say about who performed an activity whenever administrative activity happens?

Simply enable process accounting and setup a program to capture that information. The early BSD distributions had this and had many command line tools to query the information it stored.