How does core DAO work?

Sure, here's a question based on the paragraph "How does CORE DAO work?" with a tone that simulates a questioner: "Can you explain in simple terms how the core DAO functions? I'm interested in understanding how it operates, its main components, and how decisions are made within the organization. Is it decentralized, and if so, how does that affect its operations and governance? Additionally, what are some of the key benefits and challenges of using a DAO structure for managing a project or community?