A Co-Worker Recently Returned from a Management Seminar

question 85

Multiple Choice

A co-worker recently returned from a management seminar. She notes that empowerment is nothing more than giving employees autonomy. How should you respond?

• A) "I agree."
• B) "I disagree; power isn't about autonomy, it is about an individual's capacity to accomplish a task."
• C) "I believe empowerment relates to both self-efficacy and task accomplishment."
• D) "I believe empowerment improves team building through centralized decision making."

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Definitions:

Gross Profit

The financial metric indicating the difference between revenue and the cost of goods sold (COGS), reflecting the efficiency of core operations.

Consignor and Consignee

The consignor is the entity that owns goods being shipped, while the consignee is the entity receiving the goods for sale or safekeeping.

Unsold Goods

Unsold Goods are items that have been produced or acquired for sale by a business but have not yet been sold to consumers.

Inventory

The total value of all the raw materials, work-in-progress, and finished goods that a company holds at any given time.