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:

Ordinary Annuity

A financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.

Tax-deferred

Tax-deferred refers to investments or accounts that allow earnings to grow without being taxed until the investor takes distributions, typically during retirement.

RRSP

Registered Retirement Savings Plan, a type of Canadian account for holding savings and investment assets, with advantageous tax benefits.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as part of a retirement strategy.