The Practice of Delegating Decision-Making Authority to Lower Levels of Management

question 58

True/False

The practice of delegating decision-making authority to lower levels of management in a company is called centralization.

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Definitions:

Cash Flow

Cash flow refers to the net amount of cash and cash-equivalents being transferred into and out of a business.

Question Marks

Products or businesses that operate in high-growth markets but have low market share, often requiring significant investment to improve their position.

Market Share

The segment of a market held by a certain company or product.

Market Growth

An increase in the demand for a particular product or service over time, which can be influenced by factors like changes in consumer preference, population growth, and technological advancement.