Examlex
The greatest advantage that the scientific method has over logical reasoning or common sense is that it results in cause-and-effect explanations.
Suboptimal Decision
A decision that does not achieve the best possible outcome or maximizes the potential value.
Divisional Autonomy
The extent to which individual divisions or units within a larger organization are given the freedom to operate independently and make their own strategic decisions.
Selling Expenses
Costs incurred directly in the selling of goods or services, including advertising, sales staff salaries, and commission.
Shared Service Unit
An organizational unit that consolidates and provides specific services, such as HR or IT, to multiple departments within a company to improve efficiency and reduce costs.
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