Toy Town Makes and Sells Jigsaw Puzzles and Strategy Board

question 94

Multiple Choice

Toy Town makes and sells jigsaw puzzles and strategy board games. Its products are of excellent quality, but fail to meet consumer needs. Which of the following is most likely to be true with regard to Toy Town?

• A) It has a high level of efficiency and low level of effectiveness.
• B) It has a high level of effectiveness and low level of efficiency.
• C) Its product manager chooses the wrong goals to pursue and uses the resources inadequately.
• D) Its product manager chooses the right goals to pursue and uses the resources wisely.
• E) Its product manager responds quickly to change.

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Definitions:

Wage and Salary Administration

The process of organizing and managing employee compensation based on job roles, experience, and performance.

Pay Inversion

A situation where a more junior employee ends up making more money than their more senior counterparts, often due to market rate changes or hiring practices.

Pay Compression

A situation where there is only a small difference in pay between employees regardless of their skills, experience, or seniority.

Defined Contribution Plan

A retirement plan in which the amount of the employer's annual contribution is specified.