Which One of the Following Is an Example of a "Flexibility

question 11

Multiple Choice

Which one of the following is an example of a "flexibility" option?

• A) A company has an option to close down an operation if it turns out to be unprofitable.
• B) A company agrees to pay more to build a plant in order to be able to change the plant's inputs and/or outputs at a later date if conditions change.
• C) A company invests in a project today to gain knowledge that may enable it to expand into different markets at a later date.
• D) A company invests in a jet aircraft so that its CEO, who must travel frequently, can arrive for distant meetings feeling less tired than if he had to fly commercial.
• E) A company has an option to invest in a project today or to wait a year.

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Definitions:

Frontstage Interaction

Describes the behavior and actions individuals display in social settings when they are in the view of an audience, emphasizing conformity to societal norms and roles.

Emotional Labor

The process of managing and sometimes suppressing emotions to fulfill the emotional requirements of a job or role in professional and personal settings.

Randall Collins

An influential American sociologist known for his work in sociological theory, the sociology of intellectuals, and the study of violence.

Efficient Workers

Individuals who are able to achieve maximum productivity with minimum wasted effort or expense.