Based Upon the Preceding Description of Western Bank's Situation, Which

question 90

Multiple Choice

Based upon the preceding description of Western Bank's situation, which aspect of the current situation is inconsistent with Western Bank's decision to maintain a centralized form of decision making?

• A) Lower-level managers want a voice in decisions.
• B) Lower-level managers are not as experienced at making decisions as upper-level managers.
• C) The company is large.
• D) The organization is facing a crisis.

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for setting monetary policy, issuing currency, and supervising and regulating banks.

Money Supply

The overall level of financial resources available in an economy at a specific period, consisting of cash, coins, and funds in checking and savings accounts.

Chairman

The highest-ranking officer in a board of directors, responsible for leading the board's meetings and strategic direction.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, bank regulation, and the stability of the financial system.