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

---

Definitions:

Transactions

Financial activities or events that result in the exchange of assets, liabilities, or equity between entities.

Sole Stockholder

An individual or entity that owns 100% of a corporation’s stock, holding complete control over the firm.

Money Units

A standard unit of measure for accounting transactions, typically representing the currency in which a financial transaction is recorded.

Transactions

Financial activities or events that affect the financial position of a business, such as sales and purchases.