Which of the Following Is True of Managing in an Empowered

question 54

Multiple Choice

Which of the following is true of managing in an empowered world?

• A) "High-flex" organizations are based on obedience.
• B) Team performance and adding value to the customer should be emphasized.
• C) Information must police decision making.
• D) Close supervision, checks, and balances are recommended.
• E) Emphasis should be put on managing by numbers.

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Definitions:

Marginal Product

The additional output resulting from the use of an additional unit of a variable input, holding all other inputs constant.

Wage Rate

The amount of money paid to an employee per unit of time, often per hour or per year, for labor services.

Marginal Product of Labor

The additional output produced as a result of adding one more unit of labor, all else being constant.

Optimal Level of Resource Use

The most efficient, sustainable use of resources that maximizes benefits while minimizing negative environmental and economic impacts.