Managers Are Generally Unable to Control the Grapevine of Information

question 33

Multiple Choice

Managers are generally unable to control the grapevine of information as

• A) it is only used by supervisors for lateral communication.
• B) it generally springs up on its own.
• C) it is the most formal form of communication used by organizations.
• D) it is the only form of communication that does not require feedback.

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Definitions:

Wage Bill

The total amount of money paid by employers to their employees as wages for a specified period.

Market Wage Rate

The prevailing rate of pay for specific jobs in the labor market, determined by supply and demand for labor in that field.

Profit-maximizing

The method a company employs to identify the price and production volume that maximizes profit.

Pure Monopolist

A market status where a single seller dominates the market with no close substitutes for the product or service offered.