By Centralizing Decision Making, a Firm

question 81

Multiple Choice

By centralizing decision making, a firm

• A) allows managers to respond to environmental changes more quickly.
• B) runs the risk of not being able to respond to environmental changes quickly.
• C) can avoid the duplication of activities that occurs when similar activities are carried on by various subunits within the organization.
• D) often has issues with duplication of activities that occurs when similar activities are carried on by various subunits within the organization.

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The value of one currency for the purpose of conversion to another, indicating how much of one currency can be exchanged for one unit of another currency.

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The official currency of Canada, represented by CAD or C$, and divided into 100 cents.

Exchange Rate

The price at which one currency can be exchanged for another currency in the foreign exchange market.

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The currency issued by the United States, functioning as its primary medium of exchange and a global reserve currency.