A High Level of Formalization Typically Implies ________

question 32

Multiple Choice

A high level of formalization typically implies ________.

• A) diffusion of power across the organization
• B) centralization of authority
• C) mutually adjusted approach to decision-making
• D) encouragement of innovation and flexibility

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Definitions:

Liabilities

Obligations that a company owes to outside parties, typically consisting of loans and accounts payable.

Transfer Of Ownership

Transfer Of Ownership involves the legal process by which the rights of owning an asset or property are moved from one party to another.

Corporation

A legal entity that is separate and distinct from its owners, capable of owning assets, incurring liabilities, and entering into contracts.

Capital Markets

Capital markets are venues where savings and investments are channeled between suppliers who have capital and those who are in need of capital.