In What Type of Organization Is Decision-Making Authority Spread Throughout

question 105

Multiple Choice

In what type of organization is decision-making authority spread throughout the organization?

• A)Centralized organization
• B)Decentralized organization
• C)Participative organization
• D)Top-down organization

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Definitions:

Chattel Mortgage

A loan arrangement in which an item of movable personal property acts as security for the loan, often used in the financing of vehicles and equipment.

Speculative Demand

The demand for a good or asset based on expectations of future price changes, rather than its intrinsic value or productive use.

Unexpected Opportunities

Unforeseen chances or prospects that arise, potentially beneficial for decision-making or strategic planning.

Cash Management

Cash management involves the collection, handling, and usage of cash. It aims to manage a company's short-term financial stability and liquidity.