The Sequential Set of Analyses and Choices That Can Increase

question 58

Multiple Choice

The sequential set of analyses and choices that can increase the likelihood that a firm will choose a strategy that generates competitive advantages is the

• A) organizational change process.
• B) strategic management process.
• C) mission statement process.
• D) goal setting process.

Comprehend the defenses available in product liability suits, such as product misuse and assumptions of risk.

Understand the role of negligence in product liability and the requirement of cause in fact and proximate cause.

Recognize the significance of quality control and the duty to warn in preventing product liability.

Acknowledge the impact of strict liability on promoting product safety.

---

Definitions:

Time-And-Motion Study

An analysis designed to optimize productivity by studying the tasks within a job, to reduce inefficiency and increase effective use of human effort.

Job Analysis Method

A systematic procedure for gathering, documenting, and analyzing information about a job's duties, responsibilities, and the requirements for performing it.

Red-Circled Employee

An employee whose pay exceeds the maximum of their pay range, often due to pay structure changes, requiring special pay management strategies.

Pay Scale

A system that determines the amount of pay an employee receives based on their job, experience, education, or other factors; essentially a detailed pay range.