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Explain What Centralization and Decentralization of Authority Mean

question 129

Essay

Explain what centralization and decentralization of authority mean.Would you rather be a manager in a centralized or a decentralized organization? Why?


Definitions:

Debit Balances

Amounts owed in an account, typically representing assets or expenses, that indicate the total charges or costs.

Net Income

The sum a company retains as profit after removing costs, expenses, and taxes from its total income.

Retained Earnings

The portion of a company's profits that is kept or retained within the business instead of being paid out to shareholders as dividends.

Stockholders' Equity

The stake in a company's assets left over after all debts have been cleared, frequently called shareholders' equity.

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