A Hierarchy Requires Many Top Managers, but Only a Few

question 304

True/False

A hierarchy requires many top managers, but only a few middle managers.

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Definitions:

Monitoring

The process of systematically checking or tracking activities or performance for compliance with expected standards.

Firm's Attention

The focus or priority that a company dedicates to a particular project, issue, or aspect of its operations.

Profit Centers

Divisions or branches of a business that are treated as separate entities for profit calculation and management purposes.

Discretion

The freedom to decide what should be done in a particular situation, often within certain guidelines or rules.