MANAGEMENT

Detailed explanation-1: -Centralization refers to a setup in which the decision-making powers are concentrated in a few leaders at the top of the organizational structure. Decisions are made at the top and communicated to lower-level managers for implementation.

Detailed explanation-2: -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-3: -Centralized management is the organizational structure where a small handful of individuals make most of the decisions in a company. For example, a small family diner owned by a married couple probably uses centralized management.

Detailed explanation-4: -Centralized organizations give more control to a central authority. This can make decision-making biased. Decentralized organizations, on the other hand, give more power to the users.

Detailed explanation-5: -Apple is an example of a business with a centralized management structure. Within Apple, much of the decision-making responsibility lies with the Chief Executive Officer (CEO) Tim Cook, who assumed the leadership role within Apple following the death of Steve Jobs.