Efficiency Is Accomplishing Tasks That Help Fulfill Organizational Objectives

question 73

True/False

Efficiency is accomplishing tasks that help fulfill organizational objectives.

Identify the tort liabilities arising from an agent’s actions and the principal's responsibilities in such cases.

Understand the concept of authority in agency relationships, including apparent, express, and implied authority.

Recognize the various duties an agent owes to a principal, including loyalty, obedience, and care.

Analyze the legal consequences of breaching fiduciary duties within an agency relationship.

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Definitions:

Automation

The use of technology to perform tasks without human intervention, often applied to manufacturing, processes, and systems to increase efficiency and reduce human error.

Service Delivery

The process of providing services to customers or clients, focusing on the quality, efficiency, and effectiveness of the service.

Attrition

Loss of employees due to their voluntary departures from the firm through resignation, retirement, or death.

Normal Separation

The voluntary termination of employment by an employee, often due to retirement, resignation for personal reasons, or a new job opportunity.