Which of the Following Elements of Organizational Structure Addresses the Question

question 85

Multiple Choice

Which of the following elements of organizational structure addresses the question of where decision-making authority lies?

• A) chain of command
• B) departmentalization
• C) work specialization
• D) span of control
• E) centralization and decentralization

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Definitions:

Required Reserve Ratio

The fraction of deposits that a bank must hold in reserve and cannot lend out, set by the central bank to control the money supply.

Tax Cut

A reduction in the amount of taxes imposed by a government on individuals or businesses.

Gross Domestic Product

A measure of the economic productivity of a country, quantifying the total value of all goods and services produced over a specific time period.

Planned Investment

Future directed expenditure by firms on physical assets like machinery and buildings, anticipated to enhance productivity.