When the Majority of Authority Is Maintained by Top Management

question 69

Multiple Choice

When the majority of authority is maintained by top management personnel,the organization is said to be

• A)centralized.
• B)decentralized.
• C)composed of cost centers.
• D)engaged in transfer pricing activities.

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Definitions:

Delegating Responsibility

The process of assigning authority and tasks to employees or team members, allowing the leader to focus on higher-level activities.

Franchisor Functions

Activities and responsibilities of a franchisor, including branding, training, support, and oversight of franchisees to ensure consistency and quality.

FRM

stands for Financial Risk Manager, a professional designation for financial risk professionals.

Service Delivery System

Service Delivery System refers to the framework and processes through which a company provides its services to customers, encompassing the service design, delivery channels, personnel, and technology.