The _____ of a Firm Includes Managers Who Set the Overall

question 13

Multiple Choice

The _____ of a firm includes managers who set the overall direction of the firm, articulating a vision, establishing priorities, and allocating time, money, and other resources.

• A) top management
• B) middle management
• C) first-line management
• D) supervisory management

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Definitions:

Social Loafing

A phenomenon where individuals exert less effort to achieve a goal when they work in a group compared to when they work alone.

Groupthink

A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Discrimination

Unequal and unfavorable treatment of people belonging to distinct groups, usually on the grounds of their race, age, sex, or disabilities.

Stereotyping

Stereotyping is the act of ascribing a fixed set of characteristics to a group of people, disregarding individual differences.