Identify an Action Managers Could Take to Prevent a Subcontractor

question 14

Multiple Choice

Identify an action managers could take to prevent a subcontractor from becoming a competitor.

• A)Take an equity stake in the supplier.
• B)Share tacit knowledge with suppliers.
• C)Choose a single supplier for outsourcing activities.
• D)Involve the supplier in the production process.

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Definitions:

Meditation

A practice of focused attention, often on a single object, thought, or activity, to increase awareness of the present moment, reduce stress, promote relaxation, and enhance personal and spiritual growth.

80/20 Rule

The Pareto Principle, which suggests that 80% of effects come from 20% of causes, applicable in various contexts such as business, productivity, and time management.

Inefficient Work Environment

A work setting that poorly utilizes resources, leading to lower productivity and often causing frustration among employees.

Time Management Matrix

A framework for prioritizing tasks based on urgency and importance, often used to optimize productivity.