The Delegation of Decision-Making Authority to Successively Lower Management Levels

question 50

Multiple Choice

The delegation of decision-making authority to successively lower management levels in an organization is called:

• A)Centralization
• B)Decentralization
• C)Optimization
• D)An unfavorable overhead variance

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Definitions:

Price Index

A statistical estimate constructed to measure changes in the price level of a specific basket of goods and services over a period.

GDP Per Capita

A measure that divides the country's gross domestic product by its total population, indicating the average economic output per person.

Population

The total number of individuals inhabiting a particular area or country, including both the native and any transient groups.

Global Financial Panic

A worldwide period of financial instability characterized by widespread fear and withdrawal of investment.