All of the Following Statements Are Correct About Top Management

question 75

Multiple Choice

All of the following statements are correct about top management teams EXCEPT

• A)Top teams are most effective when there is limited diversity in their composition.
• B)Top management teams generally function without formal rules for team design or structure.
• C)Top management teams are important for their symbolic roles.
• D)Top management teams make decisions on new products,markets and expansions and divestitures.

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Definitions:

Socioeconomic Status

An individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Universal Health Care

A health care system that provides medical services to all citizens, typically funded through taxation.

Life Expectancies

Life expectancies refer to the average number of years a newborn is expected to live, based on current mortality rates and health conditions in a given area or population.

Developed Countries

Nations with advanced economic sectors, high standards of living, and well-established infrastructure, often marked by high levels of industrialization and urbanization.