Examlex
"Cargo" and "freight" losses are the same thing in ocean marine insurance.
Informal Communication
The exchange of information, thoughts, and messages in an unofficial, casual manner outside formal communication channels.
Centralized
The concentration of decision-making authority at the top levels of the organizational hierarchy.
Decentralized
A type of organizational structure where decision-making authority is distributed throughout various levels rather than being concentrated at the top.
Flatter Organizational Structure
A type of organizational design with fewer levels of middle management to promote faster decision-making, increased flexibility, and more employee autonomy.
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