A Manager Continues to Undertake Projects That Have Been Successful

question 47

Multiple Choice

A manager continues to undertake projects that have been successful in the past instead of trying new projects. This aversion to risk will likely result in:

• A)an innovative culture.
• B)an increase in sales and profits.
• C)an increase in organizational inertia.
• D)changes in the environment.

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Definitions:

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, which outlines a hierarchy of human needs, from basic physiological needs to self-actualization.

Direct Labor

The earnings of staff members actively engaged in manufacturing products or delivering services.

Rate Variance

The difference between an expected rate and the actual rate charged, often analyzed in budgeting and performance evaluation.

Communicating Management

The process of conveying strategic decisions and policies from management to lower-level employees and stakeholders to ensure alignment and understanding.