Centralisation in Organisations Refers To

question 52

Multiple Choice

Centralisation in organisations refers to:

• A) the appropriate balance between laissez faire and rigidity.
• B) the focusing of control, whether a flat or tall organisational structure exists.
• C) physical or virtual location.
• D) where the major decisions are made.

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Definitions:

Labor-Force Participation Rate

The rate of the labor force participants who are of working age, encompassing those in employment and those actively searching for a job.

Unemployment Rate

The proportion of the labor force that remains unemployed and is actively looking for ways to gain employment.

Cyclical Unemployment

Unemployment caused by the downturns of the economic cycle, such as recessions.

Natural Rate of Unemployment

The level of unemployment consistent with a stable rate of inflation, caused by the supply and demand for labor adjusting to various market factors.