By Articulating an Inspiring Vision and Taking Symbolic Actions That

question 7

Multiple Choice

By articulating an inspiring vision and taking symbolic actions that are consistent with the vision, top executives ________.

• A) can only effectively influence employees during personal interactions
• B) are only able to influence low-level subordinates
• C) can influence members at all levels in the organization
• D) run the risk of alienating mid-level employees

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Definitions:

Derived Demand

Demand for a commodity, service, etc., that is a consequence of the demand for something else; for instance, the demand for steel is derived from the demand for automobiles.

Just-In-Time

An inventory strategy that aligns raw-material orders from suppliers directly with production schedules to minimize stock levels.

EOQ

Economic Order Quantity; the ideal order quantity a company should purchase to minimize its inventory costs, including holding, shortage, and order costs.

Just-In-Time

An inventory management strategy that aims to increase efficiency and reduce waste by receiving goods only as they are needed in the production process.