The ________ Is the Team of Managers Who Report to the Chief

question 46

Multiple Choice

The ________ is the team of managers who report to the chief executive officer (CEO) .

• A) board of directors
• B) corporate cluster
• C) top management team
• D) research and development team

---

Definitions:

Information Asymmetry

A situation where one party in a transaction has more or better information than the other, leading to an imbalance of power.

Goal Displacement

The phenomenon whereby the primary goal is overshadowed by secondary goals, often leading to a shift in focus or purpose.

Resource Dependency

A theory suggesting that organizations are in constant need of resources from their environment and must manage dependencies and relations with other entities to obtain these resources.

Consumer Misunderstanding

Occurs when consumers have an incorrect perception or comprehension of a product, its benefits, or its terms.