Examlex
If the total quality management approach is employed to determine the level at which budgeted amounts are set,then absolute efficiency is assumed.
Centralization
The concentration of decision-making power and authority in the hands of a central body or a few individuals within an organization.
Formalization
The process of creating formal rules and procedures to standardize organizational activities and decisions.
Simple Structure
A term used in organizational theory referring to an organizational design with low departmentalization, wide spans of control, centralized authority, and minimal formalization.
Professional Bureaucracy
A decentralized form of organization that emphasizes the expertise of the professionals in the operating core of the organization.
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