Which of the Following Is a Characteristic That Is Needed

question 23

Multiple Choice

Which of the following is a characteristic that is needed for decentralization to work well in an organization?

• A) Clear lines of authority.
• B) Responsibility.
• C) Good communication.
• D) All of these answers are correct.

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Definitions:

Net Social Gain

The overall benefit to society from an economic transaction, after subtracting costs.

Barriers To Entry

Factors that make it difficult for new competitors to enter a market.

Net Social Cost

The total monetary cost of the negative externalities produced by an activity or production, minus any benefits.

Rent-Seeking Behavior

Activities aimed at increasing one's share of existing wealth without creating new wealth, often through manipulation or exploitation of the economic environment.