What Measurable Outcomes Do High-Performance Work Systems Tend to Provide

question 39

Multiple Choice

What measurable outcomes do high-performance work systems tend to provide to employers?

• A) an increase in employee turnover, higher sales, and higher productivity
• B) superior productivity and improved non-financial performance
• C) improved financial performance and superior productivity
• D) lower turnover, higher labour costs, and superior financial performance

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Definitions:

Price Ceiling

a legally established maximum price for goods or services, aimed at keeping prices from rising to high levels.

Equilibrium

A condition in markets where supply equals demand, and there is no external pressure for change.

Shortage

The insufficiency of a good or service that occurs when the quantity demanded exceeds the quantity supplied; shortages occur when the price is below the equilibrium price.

Price Elasticity of Demand

The rate at which demand for a product responds to its price being altered.