The Building Blocks of All Organizations Are Specialization and Centralization

question 38

True/False

The building blocks of all organizations are specialization and centralization.

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Definitions:

Base Year

A specific year against which economic growth or other variables are measured and compared.

Current Year

The present calendar year in which a transaction or event occurs or is being discussed.

Laspeyres Price Index

An economic measure that calculates the change in the price of a basket of goods and services, using the quantities purchased in the base year as weights.

Per Capita Income

The average income earned per person in a given area or country.