The Memorandum (Scenario) Jamil Is an Engineer by Training and Manager of a Manager

question 110

Multiple Choice

The Memorandum (Scenario)
Jamil is an engineer by training and manager of a work team that consists of two engineers, four production workers, an accountant, and a purchasing manager. They are about to embark on a new project for their company. Jamil has prepared a memorandum explaining to them the objectives of the work team. Some of the production workers and the accountant have come to see Jamil and ask for clarification about the memorandum.
-Jamil held a meeting with the work team to determine what had gone wrong. It was determined that members of the work team had many varied experiences in the company, different technical backgrounds, and varying emotions about working on the assignment. These differences among the work team members created ________ for Jamil's communication.

• A) decoding
• B) feedback
• C) noise
• D) encoded messages

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Definitions:

Credit Unions

Member-owned financial cooperatives that provide the same services as banks but are typically nonprofit, aiming to serve their members rather than maximize profit.

Agency Problem

A conflict of interest inherent in any relationship where one party is expected to act in the best interest of another.

Moral Hazard

A condition in which a person can benefit, usually financially, by acting unethically or immorally, i.e., the person is tempted to be less than honest and ethical. An insurance term. A moral hazard exists when executive compensation is heavily based on the market price of the company’s stock.

Arbitrage

The practice of taking advantage of price differences in different markets to make a profit.