The Level of Decentralization or Centralization Used in a Firm

question 88

True/False

The level of decentralization or centralization used in a firm is fundamental to a firm's organizational design.

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Definitions:

Production Technology

The methods, equipment, and software used in the creation of goods and services, emphasizing efficiency and effectiveness.

Business Organization

Refers to the structure and mechanisms through which a business operates and is governed, including sole proprietorships, partnerships, and corporations.

Life Expectancy

The average number of years a person is expected to live, based on statistical averages for a particular population or region.

Creative Destruction

a concept in economics which suggests that new innovations continually destroy old industries or practices, making way for new growth and advancements.