The Central Bank Which Is Generally Regarded as the Most

question 63

Multiple Choice

The central bank which is generally regarded as the most independent in the world because its charter cannot be changed by legislation is the

• A)Bank of England.
• B)Bank of Canada.
• C)European Central Bank.
• D)Bank of Japan.

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Definitions:

Formalization

The process of creating formal rules and procedures to standardize organizational activities and decisions.

Simple Structure

A term used in organizational theory referring to an organizational design with low departmentalization, wide spans of control, centralized authority, and minimal formalization.

Professional Bureaucracy

A decentralized form of organization that emphasizes the expertise of the professionals in the operating core of the organization.

Machine Bureaucracy

A moderately decentralized form of organization that emphasizes support staff differentiated from the line operations of the organization, limited horizontal decentralization of decision making, and a well-defined hierarchy of authority.