When We Say That the Top Managers of an Organization

question 7

Multiple Choice

When we say that the top managers of an organization are responsible for the performance of all of the departments of the organization,this is another way of saying that they have:

• A)restructuring responsibilities
• B)technical responsibilities
• C)global responsibilities
• D)cross-departmental responsibilities
• E)competitive responsibilities

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Definitions:

Interdependence

A situation in which the production processes or outcomes of different firms, sectors, or countries are dependent on each other.

Oligopoly

A market structure characterized by a small number of firms whose behavior is interdependent.

Decision Making

The process of choosing among alternatives to achieve a goal or solve a problem.

Herfindahl-Hirschman Index

A measure used to determine the level of competition within a market, calculated based on the sum of the squares of market shares of all firms within the market.