Which term refers to transferring responsibility and decision-making authority from a central office to people closer to the situation that demands attention?

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Decentralization is the process of transferring decision-making authority and responsibility from a central office to individuals or groups closer to the situation that demands attention. This enables them to make decisions more quickly and efficiently, as they are better positioned to understand the local context and specific needs. Restructuring refers to a broader organizational change in which the company's structure is adjusted, often involving changes to reporting lines, processes, and roles. Downsizing refers to a specific type of restructuring that involves reducing the size of the organization through layoffs or other means. Outsourcing refers to the practice of assigning work to an external organization or supplier, rather than completing it in-house. While outsourcing may involve decentralization of certain activities, it is not a synonymous concept.

Which Term Refers to Transferring Responsibility and Decision-Making Authority from a Central