A Work Environment in Which Collaboration and Teamwork Are Encouraged

question 87

Multiple Choice

A work environment in which collaboration and teamwork are encouraged and status and power differences are diminished is known as:

• A)an egalitarian environment.
• B)an autocratic environment.
• C)a democratic environment.
• D)a self-actualization environment.

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Definitions:

Controlling Inventory Levels

A strategy used in operations management that aims at maintaining optimal levels of inventory to meet demand while minimizing carrying costs and stockouts.

Variable Costing

An accounting method that only allocates variable costs to inventory, treating fixed costs as period expenses.

Contribution Margin

The amount by which the selling price of an item exceeds its variable costs, contributing towards covering fixed costs and generating profit.

Sales Personnel

Individuals in an organization responsible for selling products or services to customers, often including roles such as sales representatives, sales managers, and sales directors.