A Major Benefit of a Decentralized Organization Is That

question 69

Multiple Choice

A major benefit of a decentralized organization is that:

• A) Managers are more motivated to improve productivity.
• B) Upper-level managers are more involved in routine decisions.
• C) It avoids the necessity for a managerial accounting system.
• D) It avoids decision making by less experienced lower-level managers.

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Definitions:

Universal Coverage

A health care system that guarantees access to necessary health care services for all individuals, regardless of their financial status or pre-existing health conditions.

Marginal Cost

The cost of producing one additional unit of a product, often used in decision-making processes regarding production levels.

Average Total Cost

The total cost of production divided by the quantity of output produced; it includes all variable and fixed costs.

Medicare and Medicaid

U.S. government programs that provide health insurance to the elderly, disabled (Medicare) and individuals/families with low income (Medicaid).