Managerial Economics: A Problem Solving Approach
5th Edition
ISBN: 9781337106665
Author: Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 21, Problem 7MC
To determine
Decentralization.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
3) When an organization has a structure in which decision-making authority is delegated as
far down the chain of command as possible, it is called
3)
A) downsizing.
B) a bureaucracy.
C) decentralized.
D) overspecialization.
E) a hierarchy.
1. A training program is effective if it promotes learners' motivation. Corporate trainingprograms are meant to meet a lot of goals. Evaluate the importance of motivation in trainingprograms. Provide examples to justify your answer.
Which economist is associated with the information age and technology?
Group of answer choices
Carl Menger
Karl Marx
Adam Smith
Aristotle
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
Chapter 21 Solutions
Managerial Economics: A Problem Solving Approach
Knowledge Booster
Similar questions
- A corporation must appoint a president, chief executive officer (CEO), chief operating officer (COO), and chief financial officer (CFO). It must also appoint a planning committee with four different members. There are 17 qualified candidates, and officers can also serve on the committee. Complete parts (a) through (c) below. C a. How many different ways can the officers be appointed? There are different ways to appoint the officers. b. How many different ways can the committee be appointed? There are different ways to appoint the committee. c. What is the probability of randomly selecting the committee members and getting the four youngest of the qualified candidates? P(getting the four youngest of the qualified candidates) = (Type an integer or a simplified fraction.)arrow_forwardDiscuss key elements of effective listening and the importance of listening to a leader when they communicate. Compare and contrast two organizational leaders in the service industry–one who is an effective listener and one who is not. How has this impacted their organization’s ability to thrive in today’s market. Please support your response with scholarly sourcesarrow_forwardWhy would Dreamforce include a special series of sessions for the CEOs of customer companies? Explain your answer in terms of the organizational influences on the buying decision process.arrow_forward
- Compare and contrast the buying behavior of final consumers and organizational buyers. In what ways are they most similar and in what ways are they most different?arrow_forwardTom is a retail manager who's training one of his seasoned salespeople on the features and benefits of a new product the company will be carrying. What training method is Tom using? A. Behavior modeling B. Role rotation C. In-basket technique D. On-the-job training Give justification for your answerarrow_forwardHow can organizational context influence the decisions made by organizational members?arrow_forward
- How does a leader contribute to the development of diverse teams for improved organizational performance? A)By enforcing conformity B)By avoiding conflicts C)By ignoring diversity D)By fostering an inclusive environment and leveraging diverse strengths for better performancearrow_forwardTalk about how the idea of positive and negative incentives can be used to boost employee performance in a business.arrow_forwardMarginal benefit is the benefit that your activity provides to someone else. True Falsearrow_forward
- Describe the top ten communication skills that business leaders search for? Explain.arrow_forwardIn an attempt to adopt a system to enhance organizational performance, Mr. Addison is torn between adopting a centralized decision-making system or a decentralized decision-making system. Which of these two systems will you recommend to him and why?arrow_forwardhttps://econeveryday.com/heinz-explores-producing-paper-ketchup-bottles/ Summarize, relate, and react to what you have read. Your response would be at least 300 words long. Make sure to include the title of the article, the source, and the date of publication. Focus on the main idea and explain how the article is related to the course material. Explain your reaction to the news. Include the original copy of the article or video.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Managerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning