__________, Which Enables People to Be Involved in Making Decisions

question 26

Short Answer

__________, which enables people to be involved in making decisions that affect their work, is closely related to decentralization.

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Definitions:

Efficient Markets

These are markets where prices fully reflect all available information, making it impossible to consistently achieve higher returns than the market average.

Opportunity Cost

Overlooking possible gains from other alternatives by dedicating to one path.

Information

A collection of data that is processed, organized, and interpreted to provide value and understanding to the recipient.

Marginal Cost

The extra charge resulting from the production of one more unit of a product or service.