Which Statement Is the Most Accurate About Managers in Organisations

question 20

Multiple Choice

Which statement is the most accurate about managers in organisations?

• A)They rarely make group decisions.
• B)They try to focus on the 'two pizza' philosophy of work teams.
• C)They frequently make important decisions in groups.
• D)They prefer using review panels rather than task forces.

---

Definitions:

Elasticity

A measure of how much the quantity demanded or supplied of a good or service changes in response to a change in price.

Tax

A mandatory financial charge imposed by a governmental organization on individuals or entities to fund public expenditures.

Slightly Inelastic

A situation where a change in price leads to a relatively smaller change in the quantity demanded or supplied.

Demand for Product

The total amount of a product or service that consumers are willing and able to purchase at various price levels, at a given time.