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Management · Q235

Business Management

Graduate and Post Graduate · Management · question 235

Q235

The extent to which power and authority are retained at the top is called as

A.
centralization
Answer
B.
decentralization
C.
responsibility
D.
accountability

Answer: Option A

Solution

Answer: Option A
Solution:
The extent to which power and authority are retained at the top is called as centralization. Centralisation or centralization is the process by which the activities of an organization, particularly those regarding planning and decision-making, framing strategy and policies become concentrated within a particular geographical location group.