Examlex
Which of the following industry has low operating leverage?
Centralization
The concentration of decision-making authority at the top levels of an organizational hierarchy.
Vertical Division
The organizational structure where tasks are divided based on hierarchy and levels of authority, creating a top-down approach.
Labor
The physical or mental effort used in the production of goods and services, often referring to work or workforce in economic contexts.
Spans Of Control
Refers to the number of subordinates that a manager or leader can effectively direct, supervise, and control.
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