Multiple Choice QuestionComparing the decision-making process between large and small firms, which of the following statements is accurate?Multiple choice question.Small businesses usually have only one layer of management that helps speed decision making.Small businesses often have multiple management layers that makes decision making a slow process.Large businesses usually have just one layer of management and, thus, can speed decision making in the organization.Large businesses can most rapidly respond to decisions of the organization.
Question
Multiple Choice QuestionComparing the decision-making process between large and small firms, which of the following statements is accurate?Multiple choice question.Small businesses usually have only one layer of management that helps speed decision making.Small businesses often have multiple management layers that makes decision making a slow process.Large businesses usually have just one layer of management and, thus, can speed decision making in the organization.Large businesses can most rapidly respond to decisions of the organization.
Solution
The correct answer is: "Small businesses usually have only one layer of management that helps speed decision making."
This is because small businesses typically have a simpler organizational structure with fewer layers of management, which can allow for quicker decision-making. In contrast, large firms often have multiple layers of management, which can slow down the decision-making process as decisions need to be approved by various levels of management.
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