Although a Number of Approaches to Decision-Making Are Used Around

question 36

Multiple Choice

Although a number of approaches to decision-making are used around the world, the overall trend currently is toward:

• A)Decentralization
• B)Team-based decision-making
• C)Centralization
• D)Decision-making by consensus

---

Definitions:

Logistical Function

Activities involved in obtaining, producing, and distributing materials and products in the right quantities to an end user or final destination.

Intermediaries

Entities or individuals that act as middlemen in a distribution channel, facilitating transactions between producers and end-users.

Risk Taking

The act of undertaking actions that involve uncertainty or danger, often with the hope of achieving a beneficial outcome.

Transactional Function

Activities involved in buying and selling products or services, including pricing, negotiation, and settlement of payments.