As a Manager's Career Advances from Lower-Level Management to Upper-Level

question 73

True/False

As a manager's career advances from lower-level management to upper-level management,conceptual skills become more important and technical skills less important while at the same time their time spent planning increases and daily leading of operational employees decreases.

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Definitions:

Repossession

The process by which a creditor takes back property from the debtor when the debtor does not make payments due on the property.

Empowerment

The practice of giving employees more responsibility and authority to make decisions and control over their work.

Sharing Power

The distribution of authority and decision-making responsibilities among individuals or groups within an organization.

Iron Law

Refers to the principle of "iron law of oligarchy," which posits that all forms of organization, regardless of how democratic they are at the start, will eventually and inevitably develop oligarchic tendencies.