Centralized and Formalized Procedures Allow for Greater Flexibility, an Important

question 62

True/False

Centralized and formalized procedures allow for greater flexibility, an important factor for firms using a cost leadership strategy.

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Definitions:

Manifest Function

The explicit, intended goals or consequences of social processes or institutions.

Latent Function

refers to the unintended or unrecognized positive consequences of a social process or structure.

Primary Function

The main or most important purpose or operation of an object, system, or organization.

Dysfunction

An element or process of a society that may disrupt the social system or reduce its stability.