When Managers Have an Illusion of Control Bias, They Often

question 5

Multiple Choice

When managers have an illusion of control bias, they often ________.

• A) centralize decision-making authority
• B) promote flat hierarchy of authority
• C) empower workers
• D) promote mutual adjustment

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Definitions:

Ethics Audit

An in-depth examination of how an organization's actions align with its stated ethical guidelines, aimed to uncover areas requiring enhancement.

Financial Audit Committee

A subgroup of a company’s board of directors focused on overseeing the financial reporting and disclosure process.

CFO

Chief Financial Officer, an executive responsible for managing the financial actions of a company, including financial planning, risk management, and record-keeping.

CEO

The Chief Executive Officer, the highest-ranking officer in an organization, responsible for major corporate decisions and management leadership.