Decentralized Decision Making Tends to Be Slower Than Centralized Decision

question 56

True/False

Decentralized decision making tends to be slower than centralized decision making.

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Definitions:

Bargained For

In contract law, referring to an exchange that parties agree upon, which forms the basis for a legally enforceable contract.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise to their detriment.

Reasonable Amount

An amount that is fair and moderate, not excessive or extreme.