A Decentralised Organisation Is One in Which

question 146

Multiple Choice

A decentralised organisation is one in which:

• A) each employee in the organisation is given permission to make decisions about their company.
• B) only top-level management is given decision-making authority.
• C) managers at various levels throughout the organisation are given decision-making authority.
• D) each shareholder is given decision-making authority.

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Definitions:

Producer Surplus

The discrepancy between the price sellers are ready to accept for an item and the price they actually receive.

Equilibrium Price

The cost point where the amount of a product or service consumers want to buy matches the amount available, resulting in a balanced market.

Equilibrium Quantity

The quantity of goods or services supplied equals the quantity demanded at the market equilibrium price.

Efficiency

The optimal use of resources to achieve the desired outcome with minimal waste or effort.