Which of the Following Best Characterizes What Managers Should Do

question 50

Multiple Choice

Which of the following best characterizes what managers should do in order to recognize problems?

• A) set up a process for opportunity identification to recognize problems
• B) set up a control system to identify problems and a process of opportunity identification to identify opportunities
• C) set up a control system to monitor performance
• D) set up a control system to identify opportunities
• E) set up a control system to identify opportunities and a process of opportunity identification to identify problems

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Definitions:

Hay Profile Method

A job evaluation technique using three factors—knowledge, mental activity, and accountability—to evaluate executive and managerial positions.

Market Pricing

The practice of setting salaries based on the prevailing wage rates for similar positions in the external labor market.

Knowledge and Accountability

The principle that having access to information or understanding responsibilities leads to being held responsible for actions and decisions.

External Equity

The fairness of an organization's pay rates in comparison to what other employers are paying for the same type of labor in the market.