When the Decisions of a Company Are Very Risky and Low-Level

question 27

Multiple Choice

When the decisions of a company are very risky and low-level managers lack decision-making skills,the company will tend to

• A)decentralize.
• B)delegate.
• C)centralize.
• D)organize.
• E)matricize.

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Definitions:

Wool Shortage

A period when the supply of wool falls significantly short of demand, leading to increased prices and potential economic impact.

Plantation Owners

Individuals who owned large agricultural estates, historically in the southern United States, where slavery was often utilized.

Republican Party

A major political party in the United States, historically associated with Abraham Lincoln, civil rights, and initially anti-slavery principles; its ideology has evolved over time.

Slave Society

A societal structure which is fundamentally dependent on slavery, where slavery impacts its economies, social relations, and institutions.