One form of top-management team occurs when
A) the labor union is represented on the board of directors.
B) executives share power equally with team leaders.
C) the CEO position is rotated regularly.
D) two or more top-level managers share authority equally.

Question

Quizplus · Accepted Answer

When two or more top-level managers share authority equally, it is called a co-CEO or shared leadership model of top-management team. This structure is popular in many firms, especially in the tech industry, where two or more founders may jointly run the company. It allows for collaborative decision-making, pooling of expertise, and mitigation of risks associated with having one person in charge.

One Form of Top-Management Team Occurs When