Centralization Is the Degree to Which Work Units Are Grouped

question 36

True/False

Centralization is the degree to which work units are grouped based on functional similarity or similarity of workflow.

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Definitions:

Corporate Job

Employment within a company or organization that usually involves office-based work, specialized roles, and hierarchical positions.

Opportunity Cost

is the loss of potential gain from other alternatives when one alternative is chosen.

Rational Decisions

Choices made by individuals that align with their own self-interest and are based on an evaluation of the costs and benefits of the action.

Marginal Costs

The extra financial burden of generating one additional unit of a good or service.