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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Decentralisation
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Centralisation
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Authoriy
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Responsibility
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Detailed explanation-1: -Centralization refers to the concentration of management and decision-making power at the top of the organizational hierarchy for the purpose of coordinating financial, human, and other business resources.
Detailed explanation-2: -Centralisation refers to the retention of decision making authority. Centralisation implies a situation where the decision making power is retained by the top level management. Under such a system, other levels of management do not have a right to intervene in policy making.
Detailed explanation-3: -Centralization refers to the hierarchical level within an organisation that has authority to make decisions. When decision making is kept at the top level, the organisation is centralized; when it is delegated to lower organisational levels, it is decentralized. Was this answer helpful?
Detailed explanation-4: -The concentration of decision-making authority is called centralisation whereas its dispersal among more than one person is known as decentralisation.