Which of the Following Is a Strategy That Organizations Can

question 60

Multiple Choice

Which of the following is a strategy that organizations can use to stimulate innovation? 1. Source from the most advanced suppliers. 2. Establish employee programs that reward initiative. 3. Identify best practice competitors as motivators. 4. Ensure that performance targets are always achieved.

• A) 1 and 3 only
• B) 2 and 4 only
• C) 1, 2, and 3 only
• D) 1, 2, 3, and 4

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Definitions:

Relevant Costs

Costs that are pertinent to a particular decision-making process, which differ among alternatives.

Traceable Fixed Expenses

Fixed costs that can be directly linked to a specific product, department, or segment of a company, making it easier to allocate expenses accurately.

Common Fixed Expenses

Expenses shared across different departments or product lines within a company that do not change with production or sales volume.

Sales Dollars

A measurement of revenue generated from sales activities, expressed in the currency of dollars.