Which of the Following Examples Best Exemplifies the Concept of Process

question 19

Multiple Choice

Which of the following examples best exemplifies the concept of process gain?

• A) Ginny, Spenser, and Tobias frequently propose valuable ideas about improving employee morale to their boss, the human resources supervisor.
• B) Tim, Eloise, and Mia, through their combined efforts to improve efficiency as shipping and receiving clerks, achieve a higher on-time delivery rate than their co-workers.
• C) Jaime and Wallace collaborate on devising new ways to reduce absenteeism by tossing around as many ideas as they can without criticizing or impeding each other's thought processes.
• D) The accounting supervisor Clementine relies on the advice of one of her account managers, Celeste, more than others because of Celeste's track record with providing valuable insights.
• E) Horatio, a warehouse manager divides his workers into groups of five and assigns each group a leader to oversee the group's progress and submit a weekly report detailing any problems.

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Definitions:

Isoquant

A curve that represents all the combinations of inputs that produce the same level of output in production theory.

Output

The aggregate output of merchandise or services generated by a company, sector, or economic system.

Production Function

A mathematical model describing the relationship between the inputs used in production and the resulting output of goods or services.

Returns To Scale

The change in output as a result of a proportional change in all input factors in the production process.