For Decentralized Decision Making to Be Successful,it Should Be Predicated

question 77

Multiple Choice

For decentralized decision making to be successful,it should be predicated on a belief that

• A)top executives should establish a collegial,collaborative culture in which decisions are made by general consensus on what to do and when.
• B)strict enforcement of detailed procedures backed by rigorous managerial oversight is necessary because company personnel cannot be counted on to act wisely or keep costs to a bare-bones level.
• C)decision-making authority should be pushed down to the lowest organizational level capable of making timely,informed,competent decisions.
• D)most company personnel have neither the time nor the inclination to direct and properly control the work they are performing and that they lack the knowledge and judgment to make wise decisions about how best to do their work.
• E)lower-level managers and employees should go up the ladder of command for approval on most all strategic and operating issues of much importance.

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Definitions:

Welfare State

A social system in which the government takes responsibility for the well-being of its citizens by providing services such as healthcare, education, and financial assistance.

Consensus

Consensus is the general agreement reached by a group as a whole, often used in the context of decision-making processes where unity and collective support are sought.

Bretton Woods

Refers to the international monetary system established in 1944 in Bretton Woods, New Hampshire, which set up rules for commercial and financial relations among the world's major industrial states.

International Monetary Fund

The International Monetary Fund (IMF) is an international organization that aims to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.