Examlex
As compared to a decentralized organization, a centralized organization can act more quickly to solve problems.
Ceteris Paribus Assumption
A Latin phrase meaning "all other things being equal", used in economics to isolate the effect of one variable change by holding other relevant factors constant.
Other-Things-Constant Assumption
An assumption in economics that all other variables remain unchanged or constant except those under immediate consideration.
Rational
A decision-making process that is based on making choices that result in the optimal level of benefit or utility for an individual.
Expected Additional Benefit
The anticipated extra advantage or income gained from making a particular business decision or investment.
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