A Manager of a Functional Department Would Require Skills in Aligning

question 21

Multiple Choice

A manager of a functional department would require skills in aligning employees' efforts with the organization's higher-level goals.This is a valid statement because:

• A) employees in a functional department need to work in a team.
• B) broad responsibilities are assigned to employees working in a functional department.
• C) employees in functional departments tend to identify more with their own departments rather than with other departments.
• D) employees expect their managers to empower them by allowing them to work in self-managing teams.
• E) employees in such departments tend to work in cross-functional teams.

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Definitions:

Fiduciary Duty of Care

A legal obligation of one party to act in the best interest of another. When related to fiduciary duty, it specifically refers to the care that should be taken by the fiduciary.

Institutional Investors

Organizations that invest large sums of money in securities, real property, and other investment assets on behalf of their members or stakeholders.

Block of Shares

A large number of shares in a company, usually bought or sold in a single transaction.

State Incorporation Statutes

Laws established by individual states that outline the process, requirements, and regulations for the formation of corporations within their jurisdiction.