Which of the Following Is a Problem with a Company

question 7

Multiple Choice

Which of the following is a problem with a company establishing standards for performance? For example: production rates of 10 units per hour.

• A) Employees are driven to work so fast they may make defects
• B) Employees and managers may falsify production records
• C) Once performance goals are reached, incentives to improve may disappear
• D) All of the above

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Definitions:

Removing Subsidy

The process of eliminating financial support provided by governments to businesses, individuals, or other government departments.

Equilibrium Price

The price point at which the quantity of goods demanded equals the quantity of goods supplied, without any external intervention.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to market balance.

Price Gouging

Price gouging occurs when a seller increases the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair, often during a demand spike caused by a crisis.