Managerial Efficiency Is the Proportion of Total Organizational Resources That

question 80

Multiple Choice

Managerial efficiency is the proportion of total organizational resources that contribute to productivity during the manufacturing process.The ________ this proportion,the more ________ the manager.

• A)lower;effective
• B)higher;efficient
• C)lower;efficient
• D)higher;ineffective
• E)higher;inefficient

Recognize the characteristics and implications of obedience to authority, including the conditions under which it occurs.

Identify the variables that influence group decision-making processes and outcomes.

Recognize the phenomenon of groupthink and its potential to lead to poor decision-making.

Understand the factors that can reduce the likelihood of groupthink and improve group decision-making quality.

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Definitions:

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and operating a business with the aim of making a profit.

Third Party

An entity involved in a transaction besides the two main parties; in insurance, the person other than the policyholder and the insurer who may be affected by or have a claim against the policy.

Costs

The amount that must be paid or spent to buy or obtain something.

Compensation

Payment or benefits received for services rendered or damages incurred; often used in the context of employment.