Which of the following are the Importance of Decentralization of Organization? (A) Quick decision-making (B) Develops managerial talent for the future (C) Relief to top management (D) Decision-making authority is retained by higher management levels. Choose the correct answer from the options given below:

Option 1 -> (A), (B) and (D) only: Incorrect because statement (D) describes centralization, not decentralization. Option 2 -> (A), (B) and (C) only: Correctly identifies all the advantages of decentralization while excluding the incorrect statement. Option 3 -> (A), (B), (C) and (D): Incorrect because statement (D) contradicts the concept of decentralization. Option 4 -> (B), (C) and (D) only: Incorrect because it excludes (A) which is a key benefit, and includes (D) which is wrong. Hence, Option 2: (A), (B) and (C) only -> Decentralization involves distributing decision-making authority to lower levels. This enables (A) quick decision-making as decisions are made closer to operations, (B) develops managerial talent by giving lower-level managers decision-making experience, and (C) provides relief to top management by freeing them from routine decisions. Statement (D) is incorrect as it describes centralization where authority is retained at higher levels, which is opposite to decentralization -> correct