Recognizing That It May Be in Managers' Best Interests to Be

question 25

Multiple Choice

Recognizing that it may be in managers' best interests to be overly optimistic when proposing projects,how might firms effectively control this impulse?

• A) Employ capital rationing
• B) Require that all proposals be initiated from the lowest possible management level
• C) Fire managers if any of their proposals fail to produce the expected results
• D) Fund all project proposals

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Definitions:

Foster Innovation

Actions or policies designed to encourage the development of new ideas, products, or ways of doing things, typically within an organizational context.

Improve Inputs

Efforts or actions taken to enhance the quality, efficiency, or quantity of the resources or information entering a process, system, or organization.

Functional Team

A group of individuals with a mix of skills and expertise working together towards a common goal.

Similar Tasks

Tasks that share common features, requirements, or characteristics, making them alike or comparable in some respects.