In Order to Ensure Standardization, at McDonald's Most Lower-Level Decisions

question 181

Multiple Choice

In order to ensure standardization, at McDonald's most lower-level decisions must be approved by upper management. Which of the following terms applies to this strategy?

• A) Centralized organization
• B) Decentralized organization
• C) Functional authority
• D) Responsibility
• E) Wide span of control

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Definitions:

Flotation Costs

The costs incurred by a company when it issues new securities, including fees for underwriting, legal advice, and registration.