In an Organisation That Has High Centralisation

question 72

Multiple Choice

In an organisation that has high centralisation:

• A)all top level officials are located within the same geographic area
• B)the corporate headquarters is located centrally to branch offices
• C)action can be taken more quickly to solve problems
• D)top managers make all the decisions and lower level managers merely carry out top management's directions

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Definitions:

Negotiable Instruments

Financial documents, like checks or promissory notes, that guarantee payment of a specific amount of money to the bearer under certain conditions.

UCC

Stands for Uniform Commercial Code, which is a comprehensive set of laws governing all commercial transactions in the United States.

Anglo-American Law

A legal system originating in England and now prevalent in the United States and many Commonwealth countries, characterized by the doctrine of precedent.

Currency Substitute

Any means of payment used in lieu of traditional money (coins and banknotes) for the transaction of goods and services.