The Use of Teams May Lead to Too Much

question 137

Multiple Choice

The use of teams may lead to too much:

• A) division of labor.
• B) decentralization.
• C) authority and responsibility in top management's hands.
• D) formalization.
• E) narrow span of management.

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Definitions:

Negotiable Instruments

Financial instruments, such as checks, promissory notes, and bills of exchange, that contain an unconditional promise or order to pay a specified amount of money and are transferable by endorsement.

UCC

All commercial exchanges in the United States are regulated by the comprehensive legal framework known as the Uniform Commercial Code.

Third Party

An entity that is not directly involved in a legal transaction or agreement but may be affected by it or have an interest in it.

Negotiable

Refers to a document or contract containing a promise to pay a specified amount, which can be transferred or sold to another party.