If Decentralized Decision Making Is in Place, Decisions Are

question 20

Multiple Choice

If decentralized decision making is in place, decisions are:

• A)Made at the top management level
• B)Made at the middle management level
• C)Delegated to operating personnel
• D)Contracted to external consultants

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Definitions:

Internal Company Data

Information that a company collects from its own operations, including sales figures, financial records, and customer interactions, used for decision-making and strategic planning.

External Company Data

Information from outside an organization that is used for analysis or strategic purposes, such as market trends or competitor information.

Predictive Models

Statistical or machine learning techniques used to forecast or predict future events or outcomes based on historical data.

Problem Definition

The process of clearly identifying an issue or challenge to be addressed, often the first step in problem-solving or research.