A Centralized Management Style for an MNC Results in Relatively

question 20

True/False

A centralized management style for an MNC results in relatively high agency costs.

---

Definitions:

Second Generation

Typically refers to the children of immigrants, who are born and raised in the new country, balancing between their family's cultural heritage and the culture of their birthplace.

Key Management Issue

Refers to critical challenges or problems that require decision-making and strategy formulation within an organization's management framework.

Not Promoting Product

The decision not to actively market or advertise a product, possibly due to strategic, ethical, or resource-related reasons.

Vision and Mission

Statements that articulate an organization's core aims and objectives; vision describes the future aspirations, mission outlines the primary purpose.