Formalization Drives Up Operating Costs

question 108

True/False

Formalization drives up operating costs.

---

Definitions:

Public distrust

The feeling of skepticism or lack of confidence the general public may have towards institutions, authorities, or established systems.

Formal presentation

A structured, prepared speech that is given to an audience for the purpose of informing, persuading, or entertaining.

Guessing

Making an assumption or judgement without sufficient information or evidence, often relying on intuition rather than factual verification.

Organization levels

The hierarchy within an organization that starts from the top with strategic management, through to middle management and down to operational levels.