Decision-Making Responsibility in the Hands of Top Management Is Called

question 41

Multiple Choice

Decision-making responsibility in the hands of top management is called ________.

• A)empowerment
• B)functionalization
• C)centralization
• D)de-functionalization
• E)decentralization

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Definitions:

Misrepresented

Incorrectly or falsely presented information, often leading to a misunderstanding or an erroneous basis for a contract or agreement.

Equitable Remedy

A court-ordered action aimed at achieving fairness, such as injunctions or specific performance, rather than monetary compensation.

Rescission

The revocation, cancellation, or repeal of a contract, returning all parties involved to their positions prior to the agreement.

Restitution

The act of compensating for loss, damage, or injury caused; involves returning to the original state or compensating for loss.