If a Firm Makes Products with Very Long Cycle Times,it

question 27

True/False

If a firm makes products with very long cycle times,it has to control the number of products it has in the process queue at any given time so that products receive development funds in a timely manner.

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Definitions:

Empowerment

The practice of giving employees more responsibility and authority to make decisions and control over their work.

Sharing Power

The distribution of authority and decision-making responsibilities among individuals or groups within an organization.

Iron Law

Refers to the principle of "iron law of oligarchy," which posits that all forms of organization, regardless of how democratic they are at the start, will eventually and inevitably develop oligarchic tendencies.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone.