Businesses that are separated into two or more manageable units in which managers have authority and responsibility for operations are said to be

A) decentralized
B) consolidated
C) diversified
D) centralized

Decentralized

Refers to the distribution of functions, powers, people, or things away from a central location or authority.

Consolidated

Combined financial statements that present the assets, liabilities, and operating results of parent companies and their subsidiaries as a single entity.

Diversified

A risk management strategy that involves spreading investments across various financial instruments, industries, or other categories to reduce risk.