BUISENESS MANAGEMENT
BUSINESS STRUCTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Where decisions are made at individual shops/power is delegated
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Someone who works for someone else
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The structure of the business
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A business/its structure
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Detailed explanation-1: -BasisDelegation of AuthorityDecentralisation of AuthorityMeaningIt is the process of assigning powerIt is the process of delegatingof decision-making from superior toauthority and responsibilities subordinates.to the smallest unit or subordinate.
Detailed explanation-2: -This sourcebook identifies four major types of decentralization according to classifications made in UNDP and World Bank articles. These are political, administrative, fiscal, and market decentralization. Political decentralization is the transfer of authority to a subnational body.
Detailed explanation-3: -Decentralization refers to organizational structures and procedures that allow for power sharing and delegation of decision-making authority to lower levels of the organizational hierarchy, including decision making by front line employees.