When Managers Delegate Responsibility and Grant Authority to Their Subordinates

question 187

Multiple Choice

When managers delegate responsibility and grant authority to their subordinates

• A) they diminish their own capability to get things done.
• B) they diminish their own power and authority.
• C) they are still ultimately responsible for the results.
• D) good performance by subordinates will be viewed as a threat to the managers' own careers.
• E) they are using an inefficient training method.

Recognize different marketing strategies and their strategic importance.

Understand the impact of customer loyalty on firm profitability.

Recognize the importance of addressing uncertainties and risks in marketing plans.

Learn the use and purpose of impact/likelihood matrices in managing marketing risks and developing contingency plans.

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Definitions:

Abstractions

The process of extracting the underlying essence or general principles of a concept or an observable phenomenon, often leading to a more generalized understanding.

Formal Operational

Refers to the stage of cognitive development in Piaget's theory where individuals develop the ability to think abstractly and reason logically.

Freud's Arguments

Refers to the theories and concepts developed by Sigmund Freud that suggest the human psyche is structured into three parts: the id, ego, and superego, emphasizing the role of unconscious processes in shaping behavior and personality.

Moral Thinking

The process of reasoning about what, morally, one ought to do, often involving considerations of rights, obligations, benefits to society, fairness, or virtue.