Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Firms grant decision rights to teams of employees for all the following reasons except: to manage activities to make products to make basic investment decisions
- Firms grant decision rights to teams of employees for all the following reasons except:
- to manage activities
- to make products
- to make basic investment decisions
- to recommend actions
- Incentive problems in firms typically occur because:
- employees are sometimes very risk averse.
- most of the costs of exerting effort are borne by employees rather than their employers.
- employees typically have most of their human capital invested in a single firm.
- almost all employees will have conflicts with their fellow employees.
- One potential problem with internal labor markets is
- a greater likelihood of employee turnover.
- supervisor shirking will be more prominent in the firm.
- that incentive conflicts between employees and managers will be greater.
- restricted competition for higher-level jobs within the firm.
- a and c only.
- Economics typically assumes that human beings perceive work effort as
- a form of disutility
- utility enhancing
- quite an enjoyable experience
- a way to express themselves in their jobs.
- none of the above.
- Specialized task assignment greatest cost is ignoring the foregone ______________across tasks.
- comparative advantage
- flexibility
- complementarities
- lower cross training expenses
- Organizational architecture varies from firm to firm. The three big external determinants of a firm's administrative structure are:
- decision rights, rewards, and technology.
- government regulation, technology, and decision rights.
- government regulation, technology, and markets
- government regulation, technology, and performance rewards.
- decision rights, rewards, and evaluation systems.
- The ratchet effect refers to:
- basing a performance evaluation on expected future performance.
- A particular type of incentive pay.
- The idea that most managers are afraid to penalize employees for bad performance.
- Basing next year's standard of performance on this year's actual performance.
- None of the above.
- Which of the following is not a determinant of a firm's org. architecture?
- the business environment
- a firm's business strategy
- a firm's customer base
- all are determinants of a firm's O.A.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started