Solved

Refer to the Scenario Below to Answer the Following Questions

question 94

Multiple Choice

Refer to the scenario below to answer the following questions.
Lightspeed.com (Scenario)
Edwin Edwards is a team leader for Lightspeed.com, an e-business that has employees in every global time zone. Some of the factors that the team has to contend with are deadlines, strong work ethic, creativity-innovation chain, high-speed turnaround, and professionalism. As team leader, Edwin sees team members via videoconference only a few times per year or via compressed video via Internet a few times more per year. A frustration that he is encountering himself is that he works with all of these people and does not have control over their "actual" work or the few organizational rules, regulations, and policies. Yet, due to the position he is in, he feels he gets all of their complaints. The team does not deal well when a member offers an "off-the-wall" solution to a team problem; team members seem to have more trouble with this than any other team-conflict issue) What he likes most about leading the team is that they seem to prefer getting their objective accomplished instead of wasting time trying to decide who should be doing what tasks.
-If Edwin decided to remove a layer of managers and increase the span of control, he would be making a change in which of the following categories?

Definitions:

Compounded Semiannually

The calculation of interest where the earned interest is added to the principal every six months, resulting in interest on interest.

Compounded Annually

Interest calculation on a loan or investment once per year where each year's interest is added to the principal.

Rate of Return

The increase or decrease in the value of an investment over a certain time frame, represented as a percentage of the investment's original price.

Compound Annual Return

The annualized average percentage rate of return that accounts for the compounding of interest over a period of time.