Top Management Teams

question 34

Multiple Choice

Top management teams

• A)usually make better decisions as a group than the CEO could make alone.
• B)may include middle managers.
• C)may include members of the board of directors.
• D)All of the above.

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Definitions:

Customer Goodwill

Refers to the favorable reputation a business gains due to positive customer experiences and is seen as an intangible asset.

Outsourcing

The practice of having certain job functions or tasks performed by external entities or individuals, typically to reduce costs or improve efficiency.

Complexity

Refers to the state of having multiple interconnected parts, making a system or problem challenging to understand, predict, or control.

Disparate Subcomponents

Diverse and different parts or elements that together make up a complex system.