Which of the Following Is Typically a Responsibility of the Operating

question 40

Multiple Choice

Which of the following is typically a responsibility of the operating managers for ensuring that policies, procedures, and rules are effectively followed in a company?

• A) Training managers to administer policies, procedures, and rules
• B) Providing information on application of HR policies, procedures, and rules
• C) Giving feedback on the effectiveness of policies and rules
• D) Designing formal mechanisms for coordinating HR policies

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Definitions:

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the per unit cost of production.

Natural Monopolist

A single supplier in a market where the costs of production are lowest when just one firm provides the product or service.

Reduce Costs

Measures and practices aimed at decreasing expenses and improving efficiency in processes or operations.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, not based on the costs of production but on what the seller believes each customer can afford or is willing to pay.