As Firms Make Greater Use of Empowerment and Teams, Managers

question 28

Multiple Choice

As firms make greater use of empowerment and teams, managers will find that they

• A) should use the same techniques for directing employees that were used in the past.
• B) will need to closely supervise the teams to make sure they remain focused on the goals of the organization.
• C) will need to provide the teams with detailed instructions to give them a clear sense of direction.
• D) must become more like coaches and counselors than bosses.

Understand the components and significance of stockholders' equity in a corporation.

Grasp the financial mechanics and journal entries related to issuing common stock, including transactions above or below par value.

Recognize the effects of corporate organizational structure on decision-making and policy implementation.

Differentiate between the rights and limitations of common stockholders.

---

Definitions:

Specialized Machine

Equipment designed for a specific purpose or task in the production process, often custom-built or highly specialized.

Financial Advantage

The benefit or gain in financial terms that an entity has, allowing it to achieve better results than others.

Current Profitability

A measure of a company's current earnings and its ability to generate profit over a specified period, typically emphasizing immediate financial health.

Least Profitable

Describes the product, service, or business segment that generates the smallest amount of profit relative to others.