Which of the following best reflects Chester Barnard's views about managerial authority within an organization?
A) Workers will improve the chances of an enterprise's success if they are given more responsibility for making decisions.
B) Whether or not a manager has authority to issue commands to workers is determined by the consent of the workers.
C) There should be a clear distinction between the tasks of labor and those of management.
D) There is no difference between the functions of high-level managers and lower-level managers.
E) Leadership must be shared with followers. Likewise, followership must be shared with leaders.
B
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The current cash debt coverage ratio is often used to assess
a. financial flexibility. b. liquidity. c. profitability. d. solvency
Which of the following statements regarding health insurance benefits is CORRECT?
A) Premium amounts are determined only by the age of the insured. B) The greater a policy's benefits, the more expensive the premium. C) Policyowners who have the same jobs pay the same premiums. D) Policyowners who have policies with identical benefits pay the same premiums.