Possible Ways by Which a Company Can Overcome the Adverse

question 58

Multiple Choice

Possible ways by which a company can overcome the adverse impact of lean on employees include ______.

• A)guaranteeing the jobs of those employees who are dedicated and willing to go through additional training to support lean implementation
• B)assuring employees that their jobs will not be affected even if they are completely incompetent
• C)threatening employees with government-approved sanctions
• D)advising employees who remain that their salary will be doubled

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Definitions:

Efficient Equilibrium

A state in an economy where every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

External Benefits

Benefits resulting from a transaction that affect parties not directly involved in the transaction, often leading to positive outcomes for society.

External Costs

Costs of a transaction or activity that affect third parties who did not choose to incur that cost, often seen in environmental pollution.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a product for which there are many substitutes.