Examlex
What is another name for a stockbroker?
Horizontal Differentiation
A structural feature of an organization that involves the division of labor and the specialization of tasks horizontally across departments.
Centralization
The accumulation of decision-making power at the higher echelons of an organization.
Standardization
The process of implementing and developing technical standards to ensure consistency, safety, and interoperability of products or services across different areas or sectors.
Formalization
The extent to which organizations standardize behavior through rules, procedures, protocols, and formal structures.
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