Which of the Following Is Not a Suggestion for Using

question 108

Multiple Choice

Which of the following is not a suggestion for using time compression management (TCM) to turn speed into a competitive advantage?

• A)Instill speed in the company's culture.
• B)Use technology to find shortcuts wherever possible.
• C)Pay workers more if they do their jobs the same way - only faster.
• D)Set aggressive goals for time reduction and stick to them.

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Definitions:

Mercantilism

An economic theory that emphasizes the importance of stockpiling precious metals and exporting more than importing to boost a nation's wealth and power.

Gross Domestic Product

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Human Development Index

A statistical tool that measures a country's overall achievement in its social and economic dimensions, based on factors like life expectancy, education, and per capita income levels.

Purchasing Power Parity

An economic theory and a method used to determine the relative value of different currencies and the exchange rate needed to equalize the purchasing power of different currencies.