For Decentralized Decision Making to Be Successful,it Should Be Predicated

question 77

Multiple Choice

For decentralized decision making to be successful,it should be predicated on a belief that

• A)top executives should establish a collegial,collaborative culture in which decisions are made by general consensus on what to do and when.
• B)strict enforcement of detailed procedures backed by rigorous managerial oversight is necessary because company personnel cannot be counted on to act wisely or keep costs to a bare-bones level.
• C)decision-making authority should be pushed down to the lowest organizational level capable of making timely,informed,competent decisions.
• D)most company personnel have neither the time nor the inclination to direct and properly control the work they are performing and that they lack the knowledge and judgment to make wise decisions about how best to do their work.
• E)lower-level managers and employees should go up the ladder of command for approval on most all strategic and operating issues of much importance.

Define arithmetic average return and its relevance.

Acknowledge the impact of market efficiency on corporate and investment decisions.

Understand the functional differences and roles of cones and rods in vision.

Recognize the components and functions within human auditory and visual systems.

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Definitions:

Subsequent Agreements

Agreements made after the initial agreement, which may modify or affirm the conditions of the first.

Integrated Contract

A contract in which multiple documents or agreements are combined and considered to be parts of a single binding agreement.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the parties to be enforceable.

Memorandum

A written record or communication used in office or administrative support systems.