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.

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Definitions:

Acquisition Consideration

The total value paid by a company to acquire another company, which may include cash, stock, or other assets.

Exchange Rate

The price at which one currency can be exchanged for another currency in the foreign exchange market.

Functional Currency

Functional currency is the currency of the primary economic environment in which an entity operates, and in which its financial statements are prepared.