What is decentralization?, Concentration of authority at the top level, Systematic dispersal of authority to middle and lower levels of management, Which statement correctly differentiates delegation from decentralization?, Delegation transfers authority from one superior to one subordinate, whereas decentralization distributes authority across managerial levels., Both delegation and decentralization have the same meaning., Why does decentralization promote quick decision-making?, Lower-level managers are empowered to make decisions without waiting for approval., Employees are not allowed to make decisions., Which of the following is an example of decentralization?, Only the CEO approves every customer complaint., A branch manager decides local promotions independently., How does decentralization help develop managerial talent?, Managers gain experience by making independent decisions., Managers avoid taking responsibility., In decentralization, all decisions are taken only by the CEO., True, False, You are the branch manager of a clothing store. A popular product is out of stock before a festival. What would you do under decentralization?, Close the store for the day., Immediately arrange more stock or transfer products from another branch., Which of the following is NOT an importance of decentralization?, Increases the workload of top management, Develops initiative

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