Which of the Following Is the Best Strategy That a Company

question 69

Multiple Choice

Which of the following is the best strategy that a company can use to improve organizational productivity?

• A) Increase employee salaries and provide additional incentives to the employees.
• B) Attempt to increase the bargaining power of the suppliers.
• C) Automate the lengthy processes that exist in the value chain.
• D) Allocate more budget to the operational activities of the firm.
• E) Reduce the number of units produced per day to give more attention to product quality.

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Definitions:

Z-Scores

Statistical measures that indicate how many standard deviations an element is from the mean of a distribution.

Norm Group

A representative sample of the population by which test scores are interpreted and compared.

Normally Distributed Curve

A graphical representation of a distribution of data in which most values cluster around a central peak and taper off symmetrically towards either end, resembling a bell shape.

Standard Deviation

Standard deviation is a statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean.