Centralization Promotes Organizational Flexibility

question 80

True/False

Centralization promotes organizational flexibility.

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Definitions:

Ownership Culture

An organizational culture where employees have a stake in the company's success, often through stock ownership, leading to increased engagement and productivity.

Share Options

Financial incentives given to employees that grant them the right to buy the company's shares at a set price after a certain period of time.

Gainsharing Plans

Incentive programs that share the cost savings or increased profits with employees, often tied to performance improvements.

Labor Efficiency

A measurement of the output produced by a worker or workforce within a specific timeframe, indicating how effectively labor is utilized in the production process.