Which Statement Is Correct

question 71

Multiple Choice

Which statement is correct?

• A) Top executives have a monopoly on relevant information or new ideas.
• B) Innovative changes in organizations rarely originate from lower levels.
• C) There are several ways top management can increase the involvement of middle- and lower-level managers in making strategic decisions.
• D) Virtual meetings about strategic decision making are impractical and ineffective.

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Definitions:

Inefficiency

The lack of ability or effectiveness to transform inputs into outputs in a cost-effective manner, often resulting in wasted resources.

Practical Standard

An achievable standard that takes into consideration normal working conditions and expected operational inefficiencies.

Skilled Worker

An employee who possesses specialized knowledge or abilities, typically acquired through training or experience.

Labour Cost

The total expense incurred for hiring employees, including wages, benefits, and taxes.