Your Firm Needs to Implement Electronic Timesheet Software and Needs

question 65

Multiple Choice

Your firm needs to implement electronic timesheet software and needs to keep within a small budget. Which of the following would be the most costly method of implementing this new software?

• A) purchasing a software package
• B) programming the new software in-house
• C) leasing the software over the Internet
• D) outsourcing the software programming to an overseas vendor

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Definitions:

Participative Management

An approach to management where employees at all levels are actively involved in the decision-making process, enhancing commitment and productivity.

Theory X Management

A management style that assumes employees are inherently lazy and need to be closely supervised and controlled.

Task Delegation

The process of assigning responsibility and authority for specific tasks or activities from one individual, often a manager or leader, to another, typically a subordinate or team member.

Trusting Relationships

Trusting Relationships are connections between individuals or groups that are characterized by trust, reliability, and confidence in each other's integrity and abilities.