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:

Machinery

Industrial or commercial equipment and devices designed for specific tasks, contributing to the production or service capabilities of a business.

Cash Flow

The total amount of money being transferred into and out of a business, measuring liquidity, financial flexibility, and overall financial health.

Operating Activities

Business activities related directly to the production, sale, and delivery of a company’s products and services, regarded as the core activities.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.