Which of the Following Would $\textbf{ not }$

question 166

Multiple Choice

Which of the following would $\textbf{ not }$ be an advantage of decentralization?

• A)Duplication of effort is minimized.
• B)Companies can develop their own managers internally by giving lower-level managers practice in developing their decision-making skills.
• C)Top management is free to focus on the long-term strategies of the organization.
• D)All of these ans choices are advantages of decentralization.

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Definitions:

Monopolistic Competition

A market structure in which many firms sell products that are similar but not identical, allowing for significant control over pricing and some degree of market power.

Monopolistically Competitive Industry

An industry characterized by many firms offering products that are similar but not identical, allowing for some degree of market power.

Demand Curves

Graphs showing the relationship between the price of a good and the quantity of that good that consumers are willing to buy at different prices.

Short-Run Profits

Profits earned by a firm during a period when at least one factor of production is fixed, focusing on immediate or near-term financial gain.