An Example of a Weight Used in the Calculation of a Weighted

question 20

True/False

An example of a weight used in the calculation of a weighted index is quantity consumed in a base period.

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Definitions:

Centralized

An organizational structure where decision-making authority is concentrated at the top levels of management.

Departmentalization

The process of dividing an organization into different departments or units based on functions, products, or geographical locations for efficiency.

Empowering

Giving employees the authority, resources, and opportunity to make decisions and contribute to the organization’s success..

Hierarchical Levels

Hierarchical levels refer to the layered structure within organizations where positions and functions are ranked according to levels of importance and authority, from the top management to the lowest operational levels.