The Term Devolution Refers to the

question 57

Multiple Choice

The term devolution refers to the

• A) shifting of power from the national government to the states and local governments.
• B) tendency of all republics to degenerate into dictatorships.
• C) inability of the people to maintain the virtue that a healthy democracy requires.
• D) process by which national governments, over time, consolidate more and more powers that had previously been reserved to states.
• E) squabbles between different levels of government that are inevitable in a federal system.

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Definitions:

Restructuring

The corporate process of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable or better organized for its present needs.

Corporate Strategy

The overall scope and direction of a corporation and the way in which its various business operations work together to achieve particular goals.

Functional Strategy

A strategy focused on improving the efficiency and effectiveness of a specific area within an organization, such as marketing, manufacturing, or human resources.

Business Strategy

Business strategy comprises the actions and decisions that a company makes to achieve its business goals and to secure a competitive position in the market.