Essentially, Centralization or Decentralization Are Concepts That Refer to The

question 42

Multiple Choice

Essentially, centralization or decentralization are concepts that refer to the:

• A) levels where decisions are made in the hierarchy of an organization.
• B) number of hierarchical levels existing in an organization.
• C) tools that allow an organization to monitor  and evaluate whether or not its strategies and structure are working as intended.
• D) business models designed to help a company expand nationally and manage a wide range of products.
• E) strategies implemented by an organization to create, market and distribute its products.

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Definitions:

General Labor Cost

The total expense that a company incurs for the salaries, wages, benefits, and other compensation for its workforce not assigned to specific tasks or projects.

Accident Rate

A metric that measures the frequency of accidents in a particular context, such as in a workplace or industry, typically expressed per some unit of time or activity.

Performance-Based Rewards

A compensation system where employees are rewarded based on their performance and achievements.

Merit-Pay Plan

A compensation strategy that increases an employee's pay based on their performance and achievements.