If Decision Making Is Pushed Down to Lower Level Employees,and

question 24

Multiple Choice

If decision making is pushed down to lower level employees,and these employees feel empowered to make decisions on their own,an organization has a _____ structure.

• A)wide
• B)decentralized
• C)moderate
• D)narrow
• E)concentrated

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Definitions:

Price Level

The overall level of prices of goods and services in an economy at a given time, often measured by a price index.

Nominal Interest Rate

The stated rate of interest on a financial instrument, not accounting for the compounding effect or inflation.

Inflation Rate

The elevation in the percentage cost of goods and services across an economy over an established period.

Relative-price Variability

Fluctuations in the price of one good or service in relation to others, affecting purchasing decisions and economic equilibrium.