Improved Conformance in Production or Service Delivery Tends to Increase

question 7

Multiple Choice

Improved conformance in production or service delivery tends to increase profitability as:

• A)it helps in differentiating the product from its competitors and improves the perceived value of the product.
• B)it ensures that the services are performed according to the convenience of the customer.
• C)it leads to lower costs through savings in rework, scrap, resolution of errors, and warranty expenses.
• D)it leads to improved employee motivation.

Familiarize with the relationship between organizational behaviour and organizational performance.

Comprehend the significance of prediction and explanation in managing organizational behaviour and its outcomes.

Acknowledge the diversity and equality challenges in leadership positions within organizations.

Understand the fundamental characteristics and differences between market and command economic systems.

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Definitions:

Straight Voting

A form of voting for directors that ordinarily permits a shareholder to cast a number of votes equal to the number of shares he or she owns for as many nominees as there are directors to be elected. See also cumulative voting.

GATT

The General Agreement on Tariffs and Trade, a legal agreement between many countries aimed at promoting international trade by reducing or eliminating trade barriers such as tariffs or quotas.

Lack Of Care

A failure to act with the attention or caution that a reasonable or prudent person would under similar circumstances, often leading to negligence claims.

Corporate Officers

Senior executives or top managers within a corporation who are given authority by the board of directors to manage the day-to-day operations and make significant business decisions.