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.

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Definitions:

Long Run

A time frame in economics where all inputs and costs are variable, allowing for full adjustment to changes.

Peak Efficiency

The maximum performance level at which a system, process, or machine operates with optimal effectiveness and minimal waste.

Break-Even Point

The level of production or the volume of sales at which total costs equal total revenue, meaning there is no profit or loss.

Shutdown Point

The level of operations at which a business does not generate enough revenue to cover its variable costs, leading to a temporary or permanent cessation of production.