Which Phrase Best Illustrates the Idea That Achieving Excellence Requires

question 6

Multiple Choice

Which phrase best illustrates the idea that achieving excellence requires an enormous investment on the part of each individual, and not merely the creation of a supportive environment by those "at the top?"

• A)"The cautious seldom err." (Confucius)
• B)"Every job is a self-portrait of the person who did it." (Anonymous)
• C)"Nothing endures but change." (Heraclitus)
• D)"Don't judge a man until you have walked a mile in his shoes." (Native American proverb)

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Definitions:

Combined Distribution Plans

Retirement or benefit plans that incorporate features of both defined contribution and defined benefit plans, offering a combination of guaranteed payouts and contributions based on individual accounts.

Gain-Sharing Plans

A type of incentive plan where employees receive benefits from cost-savings or productivity improvements they contribute to, enhancing teamwork and efficiency.

Long-Term Profitability

The ability of an organization to generate consistent profits over an extended period, indicating its financial health and sustainability.

Performance Based Pay

A compensation strategy that ties employee pay directly to their performance and achievements, varying with the individual's or team's achievements.