Empowering Workers Means Permanently Passing Decision-Making Authority and Responsibility from Managers

question 50

True/False

Empowering workers means permanently passing decision-making authority and responsibility from managers to workers.

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Definitions:

Moral Hazard

The risk that one party to a transaction might engage in behavior that is undesirable from the other's standpoint, because the latter cannot effectively control such behavior.

Safer Cars

Vehicles designed with enhanced safety features to protect occupants and reduce the risk of accidents.

Investing

Distributing financial resources with the aim of earning revenue or gains.

Covenants

Agreements or clauses, especially in contracts and property leases, that stipulate actions the parties must perform or avoid.