A small company, with power concentrated in the hands of one central figure, tends to be what?
A. Centralized and formal
B. Centralized and informal
C. Decentralized and formal
D. Decentralized and informal
Answer: Option B
Solution(By Examveda Team)
A small company, with power concentrated in the hands of one central figure, tends to be centralized and informal. Centralized authority refers to an organizational management structure where most of the major decision-making power and authority rests in the hands of a concentrated group of leaders.This Question Belongs to Management >> Strategic Management
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