A Decentralized Business Organization Is One in Which All Major

question 108

True/False

A decentralized business organization is one in which all major planning and operating decisions are made by top management.

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Definitions:

Pay-As-You-Go System

A financial policy where expenses must be funded out of current revenues without resorting to borrowing or debt.

Social Security

A government program that provides financial assistance to people with an inadequate or no income, primarily the elderly and disabled.

Fiscal Policy

Government policies related to taxation and public spending, aimed at influencing the economy.

Federal Reserve Bank

The central banking system of the United States, which regulates the U.S. money supply and is responsible for monetary policy.