An Organization with High Formalization

question 23

Multiple Choice

An organization with high formalization

• A) concentrates decisions at the top of the organizational hierarchy.
• B) pushes decision making to lower levels in the organization.
• C) has a large number of management levels in the organization.
• D) provides employees with many documents that specify the right way to conduct business through such things as policy manuals.

---

Definitions:

Interest Rate

The fraction of a loan incurred as interest by the borrower, commonly indicated as a yearly percentage.

Grandchildren

The children of one's children, forming the third generation in a family lineage.

Future Value Factor

A factor used to calculate the future value of a cash flow at a certain rate of interest over a specific number of periods.

Interest Rate

is the percentage of principal charged by the lender for the use of its money or the return earned on deposit accounts.