The Lumber Mart Recently Replaced Its Management Team

question 49

Multiple Choice

The Lumber Mart recently replaced its management team. As a result, they are implementing a restrictive short-term financial policy in place of the flexible policy under which they had been operating. Which one of the following should the employees expect as a result of this policy change?

• A) Increasing monthly sales as compared to the prior year
• B) Greater inventory selection
• C) Fewer out-of-stock occurrences
• D) Loss of credit customers
• E) More liberal credit terms

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Definitions:

Special Projects

Special projects refer to unique, temporary initiatives within an organization designed to achieve specific goals or resolve particular issues, often requiring dedicated resources and cross-functional collaboration.

Work Design Characteristics

Features of a job that influence its execution and how it is perceived by the employee, including task variety, autonomy, and feedback.

Job Characteristics Model

A theory that suggests jobs should be designed to have five key characteristics (skill variety, task identity, task significance, autonomy, and feedback) to increase employee motivation.

Extend

To increase in scope, range, or duration.