When Is Decentralization of Manufacturing Facilities Most Appropriate

question 34

Multiple Choice

When is decentralization of manufacturing facilities most appropriate?

• A)When the product serves universal needs
• B)When exchange rates are expected to remain relatively stable
• C)When the product's value-to-weight ratio is high
• D)When there are few trade barriers
• E)When the production technology has low minimum efficient scale

Comprehend the concept of marginal analysis in economic decision-making.

Recognize the significance of the ceteris paribus assumption in economic theories.

Identify the characteristics of economic theories, including their predictive abilities and the role of information in decision-making.

Acknowledge the complexity and interdisciplinary nature of economics.

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Definitions:

Shared Power

A leadership or organizational principle where authority and decision-making responsibilities are distributed among members, promoting collaboration and inclusivity.

New-Form Organizations

Organizations characterized by less hierarchical structures, more decentralized decision-making processes, and often, a greater emphasis on digital and flexible working arrangements.

Interactive Leadership

A leadership style that emphasizes open communication, employee involvement in decision-making, and a collaborative work atmosphere.

Command-and-control

A management style that emphasizes strict control, with decisions made at the top and communicated down the hierarchy.