When the majority of authority is maintained by top management personnel,the organization is said to be
A)centralized.
B)decentralized.
C)composed of cost centers.
D)engaged in transfer pricing activities.

Question

Quizplus · Accepted Answer

When the majority of the authority is maintained by top management personnel, the organization is said to be centralized. This means that decision-making power is held by a small group of individuals at the top of the organization, and lower-level employees have little autonomy or influence in decision-making processes.

When the Majority of Authority Is Maintained by Top Management