According to the Contingency Viewpoint to Designing Span of Management

question 65

Multiple Choice

According to the contingency viewpoint to designing span of management, which of the following situations would warrant a relatively wide span of control?

• A) supervising a team of scientists engaged in complex research work
• B) supervising a team of factory workers sewing buttons onto shirts
• C) managing a virtual team of engineers spread across several countries
• D) managing a highly interdependent production team
• E) managing and coordinating the activities of a marketing team

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Definitions:

Currencies

Forms of money that are issued by governments and used as a medium of exchange for goods and services in economic transactions.

Interest Rates

The percentage charged on the total amount borrowed or earned, reflecting the cost of borrowing or the yield on investments.

Commodities

Raw materials or primary agricultural products that can be bought and sold.

Futures Exchange

A Futures Exchange is a central marketplace where people can trade standardized futures contracts; that is, contracts to buy or sell assets at a future date at an agreed-upon price.