Which of the Following Statements Is True

question 142

Multiple Choice

Which of the following statements is true?

• A) Self-managed teams are empowered with decision-making authority.
• B) Self-managed teams still rely heavily on their manager.
• C) Self-managed teams have little access to resources.
• D) Self-managed teams will eventually develop into problem-solving teams.
• E) None of these

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Definitions:

Use Of Assets

This involves the effective and efficient employment of a company's resources to maximize profitability and productivity.

Profit Margin

A financial performance metric that shows the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of a company in generating profits.

Operating Income

The profit realized from a business's core operations, calculated by subtracting operating expenses from gross profit.

Profit Margin

A financial metric indicating the percentage of revenue that remains as profit after deducting expenses.