When leading change, successful leaders emphasize teamwork. How is that different from the development of shared responsibility?
What will be an ideal response?
While team members often share tasks and are able to make decisions by reaching a consensus with other employees, shared responsibility is the result of decentralized decision making, giving power to employees and units. Decentralization encourages employees to bring out their best ideas, and can help reduce the burden of decisions on management.
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The seller of a futures contract
A) has the option of canceling the contract the following day if the price is not acceptable to him/her. B) is legally bound to make delivery of the specified item on the specified day. C) receives the entire contract amount at the time the contract is made. D) must make delivery before receiving any monies on the contract.
Which of the following persons can be an inside director in an organization?
A) a government official B) a professional director who holds positions on the board of many companies C) a full-time employee of the organization D) an executive of another company that operates in the same industry