In Order to Ensure Standardization, at McDonald's Most Lower-Level Decisions

question 80

Short Answer

In order to ensure standardization, at McDonald's most lower-level decisions must be approved by upper management. Which of the following terms applies to this strategy?
Centralized organization
Decentralized organization
Functional authority
Responsibility
Wide span of control

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Definitions:

Bank Account

An account held by an individual or business with a financial institution, allowing for the deposit and withdrawal of funds.

Physical Custody

The actual possession or direct control of tangible assets, documents, or securities.

Asset Records

Documentation that details the acquisition, valuation, and disposal of assets owned by an individual or organization.

External Auditors

Independent professionals outside of the organization who examine the company's financial statements to ensure accuracy and compliance with accounting standards.