Centralization Refers to The

question 43

Multiple Choice

Centralization refers to the:

• A) concentration of authority for most decisions at the top level of an organization.
• B) dispersion of authority to make decisions throughout all organization levels.
• C) system that allows others to make decisions and exercise discretion in their work.
• D) process of creating wide spans of control and few hierarchical levels in organizations.
• E) process of entrusting work to others by giving them the right to make decisions and take action.

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Definitions:

Interest Rates

The cost of borrowing money or the return on invested funds, typically expressed as a percentage of the principal.

Socialize Gains

Socialize Gains refers to the practice where benefits or profits, typically from a business or economic activity, are distributed among a wider community or society rather than being concentrated with private individuals or entities.

Privatize Losses

The practice of shifting financial losses from a private company to the public or government, typically through bailouts or subsidies.

Debt Crisis

A situation in which a country, organization, or individual cannot meet its financial obligations due to high levels of debt, leading to severe economic challenges.