Which of the Following Is a Benefit of Decentralization

question 126

Multiple Choice

Which of the following is a benefit of decentralization?

• A) It creates greater responsiveness to local needs.
• B) It helps in rasing capital at a local level.
• C) It relieves top managers of accountability.
• D) It eliminates the need for enforcing goal congruence among the departments.

Analyze the impact of external factors (e.g., pricing strategies, technological advancements) on consumer preferences and demand.

Understand the concept of job enrichment and its implications for job design.

Identify the key characteristics of jobs that contribute to job satisfaction and motivation.

Explain the role of skill variety, task identity, task significance, autonomy, and feedback in job design.

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Definitions:

Total Revenue

The overall amount of money generated from the sale of goods or services before subtracting any expenses.

Determinants Of Elasticity

Factors that influence the sensitivity of the quantity demanded or supplied of a good to price changes.

Availability Of Substitutes

The extent to which similar or alternative products and services are accessible to consumers, influencing their choices and market demand.

Linear Demand

An economic model where demand for a good or service changes proportionately with changes in price.