Employees Should Not Make the Decision Alone (Without the Manager's

question 52

Multiple Choice

Employees should not make the decision alone (without the manager's involvement) when:

• A) their goals and norms conflict with the organization's objectives.
• B) they lack commitment to decisions made by the boss alone.
• C) they possess more knowledge than the manager.
• D) employees are likely to disagree with each other regarding the preferred solution.
• E) the problem calls for a nonprogrammed decision.

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Definitions:

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than competitors.

Opportunity Cost

The consequence in terms of lost benefits from not selecting the immediate next preferable option when making a choice.

Productivity

The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Terms of Trade

The ratio at which a country's exports are exchanged for imports, influencing the level of a country's economic health and prosperity.