According to Vroom, a Manager Who Presents the Program to Group

question 35

Multiple Choice

According to Vroom, a manager who presents the program to group members individually, obtains their suggestions, and then makes the decision is using a style of subordinate participation.

• A)delegate
• B)consult (group)
• C)consult (individual)
• D)facilitate
• E)decide

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Definitions:

Economic Efficiency

The optimal distribution of resources in a manner that maximizes the total utility to all individuals in the economy.

Governmental Direction

Guidance or regulation provided by government bodies to influence or control certain activities, industries, or economic policies.

Roundabout Production

An economic concept that refers to more capital-intensive and indirect methods of production, which, although initially more time-consuming and costly, lead to greater efficiencies and outputs in the long run.

Capital Goods

Capital goods are physical assets that a business uses in the production process to manufacture products and services that consumers will later use.