Which One of the Following Is One of the Principles

question 6

Multiple Choice

Which one of the following is one of the principles of reengineering,as outlined by Michael Hammer?

• A)Work should be organized around tasks,rather than outcomes.
• B)Information-processing work should be carried out separately from the real work that produces the information.
• C)Geographically dispersed resources must be treated as though they are decentralized and autonomous.
• D)Parallel activities should be linked instead of integrating their results.
• E)Control should be built into processes by keeping the decision point apart from where the work is performed.

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Definitions:

Natural Rate

The level of economic activity, particularly unemployment or interest rates, that corresponds to the economy's long-term equilibrium without short-term cyclical fluctuations.

Potential Output

Potential output is the maximum amount of goods and services an economy can produce when it is most efficient and fully employed, without causing inflation.

Expansionary Gap

A situation where real GDP exceeds potential GDP, often leading to inflationary pressures due to high demand in an economy.

Equilibrium Output

The level of output where the quantity of goods and services produced equals the quantity of goods and services demanded.