Which of the Following Are Benefits of Self-Managed Work Teams

question 69

Multiple Choice

Which of the following are benefits of self-managed work teams?
i.Improved customer service
ii.Increased goal congruence among team members
iii.Increased control by top management over outcomes

• A) i and ii
• B) i and iii
• C) ii and iii
• D) None of the given answers

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Definitions:

Socialist Economies

Economic systems in which the means of production, distribution, and exchange are owned or regulated by the community as a whole, typically through the government.

Supply and Demand

A fundamental economic model explaining how the price and quantity of goods sold are determined in a market.

Wage Rate

Wage rate is the amount of money paid to workers for their labor, per unit of time, reflecting compensation for employment.

Interest Rate

The percentage charged on a loan or paid on savings over a period, typically expressed as an annual percentage of the principal.