In an organization with self-managed work teams, one of the teams decides that instead of reaching a consensus on some issue, it will simply vote on what to do. The majority then makes the decision. Identify the type of conflict management strategy used in this scenario.
A. Resolving a problem
B. Forcing a solution
C. Avoiding
D. Compromising
Answer: B
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Employees are happy and satisfied when they feel that their compensation-given their performance-is equal to that of other employees in the firm or other individuals in similar situations. This is called the equity theory.
Answer the following statement true (T) or false (F)
What does the debt to equity ratio show, and how is it calculated?
What will be an ideal response
Explain how goal-setting relates across different levels of an organization. What characteristics do effective goals possess?
What will be an ideal response?
Oprah has $250,000 and wishes to purchase a single-premium annuity. All other things being equal, which of the following annuities will provide her with the smallest monthly liquidation payment?
A) 20-year period certain, joint and 2/3 survivor, single premium B) 20-year period certain, single premium C) 20-year period certain, joint and survivor, single premium D) Straight life annuity, single premium.