In Choosing a Form of Business Organization for a New

question 42

True/False

In choosing a form of business organization for a new enterprise,impor?tant factors include the liability of the owner.

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Definitions:

Decentralization

The distribution of decision-making powers from a central authority to local or individual levels within an organization or system.

Horizontal Specialization

An organizational structure approach that involves dividing work into specialized tasks or roles based on function or expertise at the same hierarchical level.

Organizational Design

Organizational design is the process of choosing and implementing a structural configuration for an organization.

Small-batch Production

A manufacturing process characterized by the production of small quantities of goods, allowing for flexibility and customization.