ENTREPRENEURIAL OPERATIONS
CHAPTER 7 ENTREPRENEURIAL LEADERSHIP AND MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A business that gives authority to a number of different managers has
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decentralized organization.
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centralized organization.
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line authority.
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line and staff authority.
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Explanation:
Detailed explanation-1: -When the power of making multiple business decisions is not exclusively retained by the top management and is provided to all managers throughout the organization, there is no centralization of the decision-making authority. Such an organization is known as a decentralized one.
Detailed explanation-2: -A decentralized organization is one in which most decisions are made by mid-level or lower-level managers, rather than being made centrally by the head of the company. It’s the opposite of a centralized organization, in which all decisions are made at the top.
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