Final answer:
Planning authority in a Centralized Organizational Structure is limited to top management or ownership, with decision-making power concentrated at the highest levels.
Step-by-step explanation:
The student has asked which organizational structure limits the planning authority ability to top management or ownership. The correct answer is B) Centralized Organizational Structure. In a centralized organizational structure, decision-making authority is concentrated at the top levels of management.
Teamwork and collaboration may occur within this structure, but ultimate authority and responsibility for strategic planning rest with the senior leaders. This is contrasted with a decentralized organizational structure, where decision-making powers are distributed among various levels of the organization, and a flat organizational structure, which features fewer hierarchical levels and a more collaborative environment.