Self-Managed Teams Largely Eliminate __________

question 30

Multiple Choice

Self-managed teams largely eliminate __________.

• A) a firm's staff functions
• B) the line employees
• C) the top management team
• D) the CEO
• E) the first-line supervisors

---

Definitions:

Tied-up Funds

Money that is currently invested, in use, or otherwise not readily available for free spending or other investment opportunities.

Lost Sales

Potential sales that were not realized due to stock shortages, inadequate service, or other operational issues.

Retail Method

An accounting method used to estimate inventory value by applying a cost-to-retail price ratio, based on the beginning inventory plus purchases, less the sales at retail.

Inventory Costing

The method used to value and account for inventory, including costs of purchase, production, and conversion.