Bells and Whistles Company Establishes a Product Team to Develop

question 85

Multiple Choice

Bells and Whistles Company establishes a product team to develop a new mobile app. Mark and Carmen are part of the team, and they are excited about their new roles as product developers. Lately, Mark has been complaining to Carmen that he needs to have every action he takes approved by his manager and then by his manager's manager. Mark despairs of ever getting a creative idea off the ground. Carmen confides that she is experiencing the same problem. Evaluate the reason why Mark and Carmen are having difficulty getting their new product team up and running.

• A)Mark and Carmen are not sufficiently socialized at Bells and Whistles Company.
• B)Bells and Whistles has a rigid hierarchy of authority that demonstrates a conservative culture.
• C)Mark and Carmen are not extraverted enough to communicate comfortably with upper management.
• D)Mark and Carmen have low self-esteem, as evidenced by their poor attitudes toward their work.
• E)Bells and Whistles does not offer enough rites of integration to build shared norms and values.

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Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, with holders typically having voting rights and receiving dividend payments.

Repurchase

The action of buying back previously sold shares or goods, often by the company that issued or sold them initially.

Cash Dividends

Distributions of a corporation's earnings to shareholders in the form of cash.

Preferred Stock

A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, usually with dividends that are paid out before those to shareholders of common stock.