The More That Lower-Level Personnel Provide Input or Are Actually

question 7

Multiple Choice

The more that lower-level personnel provide input or are actually given the discretion to make decisions,the more ________ there is.

• A)centralization
• B)decentralization
• C)work specialization
• D)departmentalization
• E)functional specialization

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Definitions:

Par Value

A nominal value assigned to a security or company stock, serving as the minimum price at which the security can initially be sold.

Coupon Payment

Dollar amount of interest paid to each bondholder on the interest payment dates.

Maturity

The date on which the principal amount of a financial instrument, such as a bond or loan, is due to be paid in full.

Current Price

Current Price is the present market price at which an asset or a service can be bought or sold.