Which of the Following Statements About Empowerment Is Most True

question 50

Multiple Choice

Which of the following statements about empowerment is most true?

• A) Empowerment is a recent concept and is a way to motivate employees
• B) Empowerment of employees means putting them in charge during various times of the day
• C) Empowerment can have very negative consequences for management
• D) Empowerment suggests that managers have lost control of the workforce

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Definitions:

Implicit Cost

Represents the opportunity costs of using resources owned by the firm for its own production processes, without direct payment.

Interest Income

The income earned from lending funds or investing in interest-bearing financial instruments, such as saving accounts, bonds, or loans.

Operating Expenses

Costs associated with the day-to-day operations of a business, excluding costs related to production.

Law of Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.