Traditional Organizational Models Provide the Flexibility Demanded in a Changing

question 185

True/False

Traditional organizational models provide the flexibility demanded in a changing business environment.

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Definitions:

Authority

The legal or rightful power or right to make decisions, give orders, and enforce rules within a particular scope or role.

Operating Decisions

Choices made by management regarding the day-to-day operations of a business, such as pricing, inventory management, and employment levels.

Profit Center

A decentralized unit in which the manager has the responsibility and the authority to make decisions that affect both costs and revenues (and thus profits).

Department Manager

An individual responsible for overseeing the operations, staff, and performance of a specific department within an organization.