Examlex
According to the text
Centralized Business
An organizational structure where decision-making and key processes are managed at the highest levels or from a single central location or headquarters.
Operating Decisions
Choices made by management regarding daily operations of a business that affect its efficiency and effectiveness.
Top Management
The highest level of management in an organization, responsible for making strategic decisions.
Decentralization
The distribution of decision-making powers from central authority to individuals or units at lower levels within an organization or state.
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