Discuss the difference between a centralized company and a decentralized company.
What will be an ideal response?
In a small company, the owner or top manager often makes all planning and controlling decisions. Small companies are most often considered to be centralized companies because centralizing decision-making is easier due to the smaller scope of their operations. Decentralized companies split their operations into different segments, such as departments or divisions. Decentralization may be based on geographic area (domestic and international), customer base (commercial and residential), product line (motorcycles and all-terrain vehicles), business function (sales and service), or some other business characteristic.
You might also like to view...
Last year, Hart Company had credit sales in the amount of $1,000,000, and it had uncollectible accounts in the amount of $15,000 . Based on last year, what would the estimated percent of uncollectible accounts be this year?
a. 0.15%; b. 1.5%; c. 15%; d. 150%; e. cannot be determined.
Which of the following is the industry term for inventory and cash losses from shoplifting and employee theft?
A) bait-and-switch B) anticonsumption C) demarketing D) shrinkage E) lifetime cost of a customer
In studies of equity theory, it has been found that more ______ societies have a preference for equality over equity.
A. egalitarian B. benevolent C. equity D. entitleds
The dissolution of a partnership means the same as its termination
a. True b. False Indicate whether the statement is true or false