Centralization Refers to the Location of Decision Authority and Control

question 19

True/False

Centralization refers to the location of decision authority and control within an organization's hierarchy.

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Definitions:

Gainsharing Plan

A performance-based compensation strategy that rewards employees for contributing to a company's success through increased productivity or cost savings.

Job Enlargement

The process of increasing the number and variety of tasks that an employee performs, aiming to reduce monotony and increase job satisfaction.

Natural Work Units

Groups in a work setting structured around common tasks or processes that allow employees to work effectively toward shared goals with minimal supervision.

Client Relationships

The dynamics and interactions between a business and its clients, emphasizing communication, trust, and satisfaction to foster long-term engagements.