Which of the Following Is a Disadvantage of Decentralization

question 23

Multiple Choice

Which of the following is a disadvantage of decentralization?

• A)Develops managerial expertise
• B)Managers have specialized knowledge
• C)Potential duplication of resources
• D)Allows top managers to focus on strategic issues

Distinguish between public goods, externalities, moral hazard, and adverse selection.

Describe conditions for market efficiency.

Explain the concept of asymmetric information and its implications for pollution abatement.

Understand the role and functioning of Pigouvian taxes.

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Definitions:

Offer Empathy

The act of understanding and sharing another person's feelings, creating a supportive and compassionate interaction.

Active Listening

A communication technique that involves fully concentrating, understanding, responding to, and remembering what is being said.

Information Triage

The process of prioritizing and organizing information according to its urgency, relevance, and importance, often used in contexts where large volumes of information must be managed efficiently.

Offer Sympathy

The act of expressing understanding, compassion, or sorrow for another's situation or feelings, aiming to provide comfort.