The Concept of Centralization Implies That a Huge Amount of Authority

question 78

True/False

The concept of centralization implies that a huge amount of authority is delegated to subordinates by management.

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Definitions:

Private Firms

Businesses owned and controlled by individuals or groups of individuals, as opposed to being owned by the government.

Property Rights

Legal rights to possess, use, and dispose of assets including real property (land and buildings) and intellectual property.

Fundamental Function

A basic or essential function that is fundamental to a system or process.

Government

The organization that is the governing authority of a political unit, responsible for creating and enforcing laws and managing public resources and services.