Answer:
The correct answer is letter "B": Centralization of authority.
Explanation:
Centralization of authority takes place in companies where high-rank executives take most or all the decisions regarding the operations. Employees voice is not heard under this approach. Managers tend to implement this strategy when they pretend to minimize the percentage of mistakes incurred in the firm. The organization of the company tends to be bureaucratic.
Answer:
shifts the supply of loanable funds and reduces interest rates.
Explanation:
The supply and demand curves of money (loanable funds) work in the same way as every other good or service. When the supply of a good or service increases, the supply curve shifts to the right, increasing total quantity supplied and decreasing equilibrium price. When we are talking about loans, the equilibrium price is the interest rate.
Answer: Altruism
Explanation: It refers to the behavior when an individual considers the benefit of other more important than the self benefit.
In the given case, the hotel chain has the sole purpose of providing best services to its customers. They are not ready to forego their dedication towards service even if it results in loss of their market share.
It is not a case of excellence as they are not charging extra for the same service to increase their profits.
Hence from the above we can conclude that the correct option is D.
