BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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centralization
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decentralization
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organization
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Detailed explanation-1: -Centralized management is the organizational structure where a small handful of individuals make most of the decisions in a company.
Detailed explanation-2: -Centralization (also called centralisation or consolidation) is an organizational structure in which a single leader or small group of people makes all decisions. It’s the opposite of decentralization (or decentralisation), in which decision-making power exists in upper and lower levels of management.
Detailed explanation-3: -centralization. the degree to which formal decision making authority is held by a small group of people, typically those at the top of the organizational hierarchy.
Detailed explanation-4: -In a centralized organization, all of the “power” or decision-making authority lies with a group or individual at the top. The other members of the organization then work to carry out the decisions made by top-level leaders.