A Disadvantage of the Centralized Organization Is That It

question 29

Multiple Choice

A disadvantage of the centralized organization is that it

• A)lengthens response times by those closest to the market conditions because they must seek approval for their actions.
• B)does not encourage responsibility among lower-level managers and rank-and-file employees.
• C)discourages lower-level managers and rank-and-file employees from exercising any initiative.
• D)diverts authority away from those closest to, and most knowledgeable about, the situation for actions.
• E)results in higher-level managers being unaware of actions taken by empowered personnel under their supervision.

---

Definitions:

Repossess

The act of a lender taking back property from the borrower, typically due to failure to meet the terms of the loan agreement, such as defaulting on payments.

Chapter 7 Bankruptcy

A legal process that allows individuals or businesses to have their unsecured debts forgiven or discharged under U.S. bankruptcy law.

Creditors' Meeting

A gathering of the creditors of a debtor, often during bankruptcy proceedings, to discuss matters pertaining to their interests.

Chapter 7 Bankruptcy

A legal process enabling individuals or businesses to discharge or eliminate most of their debts, allowing for a fresh financial start.