Examlex
The Fed's goal is
Central Point of Accountability
The specific position or individual within an organization assigned the responsibility for overseeing the successful achievement of certain objectives or tasks.
Functional Structure
An organizational design where the company is divided into departments based on specialized functions, such as marketing, finance, or operations.
Economies of Scale
The cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.
Expertise
Refers to the high level of knowledge or skill in a particular field or domain, acquired through training, experience, or study.
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