Suppose You're Hired by a Company to Advise Them on Improving

question 200

Multiple Choice

Suppose you're hired by a company to advise them on improving their corporate culture so productivity increases. Which of the following would be good advice to give managers?

• A) "Learn everyone's names."
• B) "Give more days off."
• C) "Award a cash prize to the top performer each month."
• D) "Increase hourly pay."

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Definitions:

Firm-Fixed-Price

A type of contract where the price agreed upon is not subject to any adjustments based on the cost experience of the supplier or service provider.

Substantial Chance

A significant opportunity or probability of occurrences that can have considerable effects or outcomes.

Purchasing Manager Indexes

Economic indicators derived from monthly surveys of private sector companies, providing insight into the economic health of the manufacturing sector.

Economic Indicators

Statistics and data points that provide insight into the overall health and direction of an economy.