Dean's Formals,an old local business,is experiencing some severe cash flow problems.Therefore,in order to effectively address these problems,the senior management has adopted the following decision making model:
A)decentralized
B)laissez faire
C)centralized
D)divisional

Question

Quizplus · Accepted Answer

In a centralized decision making model, all important decisions are made by a small group of individuals who hold the power and responsibility to take actions. This model is suitable for Dean's Formals, which is facing financial challenges, as a centralized approach will ensure that decisions are made quickly, and resources are allocated appropriately to address their cash flow problems. A decentralized or laissez-faire approach would not be appropriate in this situation, as the organization needs a high level of coordination to address their financial challenges. A divisional approach may be useful in large organizations with multiple divisions, but Dean's Formals is a local business and does not require that level of complexity.

Dean's Formals,an Old Local Business,is Experiencing Some Severe Cash Flow