Which of the Following Best Describes the High-Performance Work Practices

question 78

Multiple Choice

Which of the following best describes the high-performance work practices perspective?

• A)Effective organizations incorporate several workplace practices that leverage the potential of human capital.
• B)Organizations that want to be effective should concentration solely on "profit maximization" strategies.
• C)Organizations that want to be effective should strive for "one best practice" strategy.
• D)All organizations should be viewed as being made up of many different parts which contribute to high performance.
• E)A particular action may have different consequences depending on the situation.

Recognize the complexity of biological systems in the context of personality psychology.

Understand the enforceability of decisions made by administrative agencies, commissions, or boards.

Recognize the power of administrative bodies to make procedural rules and enforce broad policy statements through legislation.

Identify the delegation of regulatory authority to different levels of government, especially in land development.

---

Definitions:

Cartel

A formal agreement among firms (or countries) in an industry to set the price of a product and establish the outputs of the individual firms (or countries) or to divide the market for the product geographically.

Monopoly Price

The price set by a monopolist, which is typically higher than in competitive markets, reflecting the monopolist's market power and lack of competition.

Patents and Copyrights

Legal tools that give creators and inventors exclusive rights to their creations and inventions for a certain period, encouraging innovation.

Collude

When two or more firms agree to work together, usually secretly, to limit competition and increase prices.