The Best Definition for Centralization Is a Situation in Which

question 37

Multiple Choice

The best definition for centralization is a situation in which decision making_______ .

• A) is completed in each department and then sent to the president for review
• B) depends on the situation
• C) is concentrated at a single point in the organization
• D) is pushed down to lower level employees
• E) is diffused among a large segment of employees

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Definitions:

Promissory Estoppel

An equitable doctrine that prevents a party from going back on a promise even if a legal contract does not exist, provided that the promisee has relied on that promise to their detriment.

UCC

Stands for Uniform Commercial Code, which is a comprehensive set of laws governing all commercial transactions in the United States.

Missing Contract Terms

Refers to conditions or clauses that are not explicitly stated in a contract, potentially leading to disputes or the need for judicial interpretation.

Fundamental Policy

Core principles or philosophies that guide the decision-making process within an organization or government.