Which of the Following Statements Is True Regarding a Centralized

question 74

Multiple Choice

Which of the following statements is true regarding a centralized organization?

• A) A centralized organization is more flexible than a decentralized organization.
• B) In a centralized organization, decision making is pushed down to the managers closest to the action.
• C) A centralized organization is more responsive than a decentralized organization.
• D) In a centralized organization, top managers are rarely involved in decision making.
• E) In a centralized organization, decision making is concentrated at a single point in the organization.

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Definitions:

Money Income

The total amount of monetary earnings received by an individual or household, including wages, salaries, bonuses, and other income sources before taxes.

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can afford at given prices within his or her budget.

Budget Line

A visual depiction of every potential combination of two goods or services that can be acquired within a specified budget.

Money Income

Money income denotes the total amount of cash or cash-equivalents received by an individual or household over a certain period, from various sources such as wages, investments, and transfers.