The Container Store, a Retailer Based Out of Texas, Wants

question 16

Multiple Choice

The Container Store, a retailer based out of Texas, wants to increase the motivation of its employees. Which of the following examples would most likely achieve this?

• A) a performance-based incentive system for its employees in which workers' pay will be based on their productivity
• B) a reduction of insurance benefits for employees who have been working at the company for less than five years
• C) the implementation of a new computer system that will enable employees to do more work for the same pay
• D) a more hands-on managerial style in which all employees would have to fill out time cards
• E) the consolidation of two departments into one, thereby reducing overhead expenses

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Definitions:

Entrepreneurs

Individuals who initiate, manage, and accept the risks of starting and running a new business venture.

Start-up Businesses

Companies in their early stages of operation, focusing on a unique product or service aiming to meet a market need or solve a problem.

Top Executive

A high-level position in a company responsible for making major corporate decisions, overseeing the overall operations, and managing organizational resources.

Technological Breakthroughs

Major advances in technology that can dramatically change an industry or economy.