A Centralized Business Organization Is One in Which All Major

question 167

True/False

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

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Definitions:

High Standards

The principles or criteria that must be met to achieve excellence or superior quality in a task, product, or behavior.

Stockholders

Individuals or entities that own shares in a corporation, giving them a stake in the company's performance and decisions.

Reputation for Quality

The perception held by customers and the wider public that a company consistently delivers products or services of high quality.

Computer-Based Technology

Technology that relies on computers for operation, encompassing both hardware and software applications.