Asked by Ke'Darius Thornton on May 07, 2024
Verified
A centralized business organization is one in which all major planning and operating decisions are made by top management.
Centralized Business Organization
A management structure where decision-making authority is concentrated at the top levels of the organization, with few people responsible for making decisions and setting policies.
Major Planning
Major planning involves the development of comprehensive strategies and objectives to guide an organization or project towards achieving its long-term goals.
- Comprehend the structure and implications of centralized and decentralized business organizations.
Verified Answer
DP
Divya PatelMay 14, 2024
Final Answer :
True
Explanation :
In a centralized business organization, top management has the authority and responsibility to make all major decisions regarding planning and operations.
Learning Objectives
- Comprehend the structure and implications of centralized and decentralized business organizations.