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Q. Distinguish between centralization and decentralization?
Based on delegation of authority organizations are classified into two kinds Centralization Entire Power is vested in the hands of few selected persons normally top managers are holding the power of the organization. Decentralization is the organizational authority is shared one. Every member are having some amount of freedom in their work based on their position in the organizational structure.
Westerners really need to be aware of when they deal with Japanese business people because Japanese people are quite westernized. Japanese management believes in social events and
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Cost of Debt: The interest rate or rates charged to organizations by its lenders for use of the capital. Cost of Equity: The rate of return needs by organizations
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