Which of the Following Is Not a Characteristic of a Decentralized

question 6

Multiple Choice

Which of the following is not a characteristic of a decentralized organization?

• A)better use of local knowledge
• B)better use of top management's time
• C)reduced response time to environmental changes
• D)more decisions made by relatively few individuals

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Definitions:

360-Day Year

An artificial accounting period used in finance that simplifies the calculation of interest by assuming each month has 30 days, resulting in a calendar year of 360 days.

Ordinary Simple Interest

Interest calculated on the principal amount of a loan or investment without compounding, based on a 365-day year.

360-Day Year

A simplified accounting method where the year is considered to have 360 days for the calculation of interest and other financial metrics.

Two Years

A period of time equal to 24 months or 730 days, typically used as a measure for planning or agreements.