A Decentralized Management Style, Where Subsidiary Managers Make the Relevant

question 48

True/False

A decentralized management style, where subsidiary managers make the relevant decisions regarding their subsidiary, may result in better decision making, as subsidiary managers are generally better informed about their subsidiary's operations.

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Definitions:

Qualitative Forecasting

The method of forecasting outcomes based on non-numerical information such as expert opinion, rather than quantitative data.

Expert Opinions

Judgments or advice given by individuals with extensive knowledge or expertise in a particular area.

Procedures

Established sequences of actions or steps designed to achieve specific tasks or processes within an organization.

Qualitative Forecasting

A forecasting method that relies on expert opinions, theories, and market research instead of numerical data.