Question

Centralisation refers to :-

Options

• Retention of decision making authority

• Dispersal of decision making authority

• Creating divisions as profit centers

• Opening new centers or branches

Answer 1

Retention of decision making authority

Explanation - 

The retention of decision-making authority is referred to as centralisation. The term "centralisation" refers to a system in which top-level management retains decision-making authority. Other layers of management do not have the authority to intervene in policymaking in such a structure, and power and authority stay concentrated in a few hands.