"Dave, I Know That You Are Trained to Work as a Chemist

question 107

Multiple Choice

"Dave, I know that you are trained to work as a chemist and not to solve scheduling problems. But as lab manager, you are a frontline supervisor. You cannot immediately tell your staff to take their problems to higher management," said Quint. "You must first work with your staff to solve the problems. If you are unable to do so, you can consult with higher management. In our bureaucratic firm, we follow the chain of command so that

• A) flexibility and speed are always achieved in decision making."
• B) mathematical models are used for problem solving."
• C) employees have freedom to seek out their preferred managers to solve their problems."
• D) supervisors gain experience in and are accountable for solving problems in their work units."
• E) jobs can be redesigned to optimize operation of a new technology."

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

Earnings Per Share

A measure of a company's profitability, calculated by dividing the company's net income by the number of its outstanding shares.

Current Liabilities

Obligations or debts that a company must pay within a year.

Debt-To-Equity Ratio

A measure that compares a company's total liabilities to its shareholder equity, used to evaluate financial leverage.