One of the benefits associated with employee buy-in is that
A. greater use can be made of specific dispersed knowledge.
B. upper-level management can enforce their decisions unilaterally.
C. employees do not have to take accountability for a decision.
D. there are stronger incentives on the part of the employees to implement decisions recommended by themselves.
Answer: D
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A researcher claims that the slow economic growth of countries located in Africa can be attributed to the geography hypothesis. If the researcher is correct, it implies that economic growth of countries in Africa is greatly affected by:
A) institutional factors such as the availability of credit and finance. B) natural factors such as climate and quality of soil available. C) cultural factors such as work nature of indigenous residents. D) religious factors.
Each member of a cartel
a. faces a temptation to cheat on the agreement because lowering its price slightly below the established price will usually increase the firm's sales and profit b. faces a temptation to cheat on the agreement because raising its price slightly above the established price will usually increase the firm's sales and profit c. has no temptation to cheat on the agreement because lowering its price slightly below the established price will usually have no impact on the firm's sales and profit d. has no temptation to cheat on the agreement because raising its price slightly above the established price will usually decrease the firm's sales and profit e. has no temptation to cheat on the agreement because lowering its price slightly below the established price will usually lower the firm's sales and profit
An insecure monopoly can deter another firm from entering the market by setting its quantity equal to:
A. the zero profit quantity. B. the zero profit quantity - the minimum entry quantity. C. the minimum entry quantity. D. the zero profit quantity + the minimum entry quantity.
Both Claudia and Javier are certified educators. Claudia makes $55,000 a year working as a teacher in a public high school in Chicago. Javier makes $40,000 working as a grade school teacher in a private school in Chicago. Which of the following is true?
A. From this information it cannot be determined who is better off because income is an imperfect measure of well-being. B. Javier is clearly worse off than Claudia, because he earns $15,000 a year less. C. Even though income is an imperfect measure of well-being, Claudia and Javier must be equally well off because either is free to switch jobs. D. Javier must be better off than Claudia if he is willing to take a job at $15,000 a year less than Claudia.