Managers can no longer function within the traditional organization chart, but must learn to _____
a. change government regulations for organizational gain
b. integrate a department with the whole organization
c. control workers to complete production goals
d. cope with demographics
e. none of the above
b
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As applied to bonds, duration refers to
A) the average maturity of a diversified portfolio of corporate bonds. B) the point in the life of a bond when its price risk exactly offsets its reinvestment risk. C) the average price and annual reinvestment rate of return for a bond. D) the point in the life of a bond when its yield-to-maturity equals its expected yield.
Empowerment is best defined as:
A) emphasizing the decision-making power of workers. B) requiring workers to perform tasks to avoid punishment. C) forcing workers to comply with external control mechanisms. D) losing talented workers to competitors and start-up ventures.