Which of the Following Is an Advantage of a Decentralized

question 121

Multiple Choice

Which of the following is an advantage of a decentralized organizational system?

• A)effective decision making
• B)Rapid response to problems and opportunities
• C)lack of internal conflicts
• D)enhanced authority
• E)external rather than internal focus

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Definitions:

Free-Market Economies

Economic systems where prices for goods and services are determined by the open market and consumers, with minimal government intervention.

Rising Prices

Rising prices refer to an increase in the cost of goods or services over time, often indicative of inflationary trends in the economy.

Trade

The exchange of goods, services, or both within and between countries.

Free Flow

The unrestricted movement or circulation of goods, services, people, and information within a system or area.