A Common Characteristic of a Centralized Organization Is

question 102

Multiple Choice

A common characteristic of a centralized organization is

• A) democratic decision making.
• B) decision making by a few top-level managers.
• C) a flat span of management.
• D) placing decision making near the workplace.
• E) authority placed at lower levels.

---

Definitions:

Low-cost Production

Manufacturing or production processes optimized to minimize costs, often through economies of scale or efficient methods.

South Korea

A country in East Asia, known for its advanced technology and economy, bordered by North Korea to the north.

North Korea

A country in East Asia, known for its centralized government and unique political and economic structure.

Five Fundamental Questions

Economic questions addressing what to produce, how to produce, for whom to produce, when to produce, and where to produce, crucial for understanding resource allocation.