Managers Are the Stewards of the Company's Resources and Thus

question 133

True/False

Managers are the stewards of the company's resources and thus responsible for their efficient use and for protecting them from adversity.

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Definitions:

Cross-Training

A method where employees are trained to perform multiple roles or tasks outside their original job function, to enhance versatility and flexibility in operations.

Reward Systems

Mechanisms or programs designed within an organization to recognize and reward employee performance, often with the aim of motivating and retaining employees.

Intrinsic Rewards

Satisfaction derived from the activity itself rather than from external rewards, fostering internal motivation.

Extrinsic Rewards

are benefits or incentives given to an individual from an external source, such as money, praise, or awards.