Businesses That Are Separated into Two or More Manageable Units

question 128

Multiple Choice

Businesses that are separated into two or more manageable units and in which managers have authority and responsibility for operations are said to be:

• A)centralized.
• B)consolidated.
• C)diversified.
• D)decentralized.

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Definitions:

Rebate

A partial refund to someone who has paid too much for tax, rent, or a utility.

Dominant Strategy

In game theory, a strategy that is the best for a player regardless of the strategies chosen by other players.

Absolute Scale

A scale of measurement that has a fixed zero point and equal intervals, allowing for meaningful comparisons and calculations.

Game Theory

A field of study focused on mathematical models of strategic interaction among rational decision-makers.