Examlex
Not all family-owned businesses are small; in fact, approximately one-third of the Fortune 500 companies are family businesses.
Managers
Individuals in an organization responsible for making decisions, overseeing projects, and leading teams towards achieving objectives.
Decentralized Organization
An organizational structure where decision-making authority is distributed across various levels rather than being concentrated at a single point.
Corporate Office
The central or main office of a company, where key administrative and executive activities occur, often housing the CEO and other top management.
Top Management
The highest level of administration and decision making in an organization, typically including positions such as CEO, CFO, and other executive roles.
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