Examlex
Resources devoted to complying with the tax laws constitute a type of deadweight loss.
Decentralization
The distribution of decision-making governance closer to the level of individual parts or locations within an organization, rather than concentrated at a central point of authority.
Senior Executives
Top-level managers or administrators in an organization responsible for making strategic decisions and overseeing the entire operation.
Complex
Consisting of many different and connected parts, making something difficult to understand or to find a solution for.
Formalization
The extent to which roles, rules, and procedures in an organization are standardized and written down.
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