Applying New Technology to an Inefficient Process Will Improve Efficiency

question 41

True/False

Applying new technology to an inefficient process will improve efficiency or effectiveness.

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Definitions:

Competitive Bonus

An additional compensation provided to employees to incentivize superior performance, often used to remain attractive in a competitive job market.

Goal-Sharing

The practice of disseminating and aligning goals across an organization to ensure that all members are working towards common objectives.

Stock Bonus Plans

Incentive programs that grant employees equity in a company, either in the form of stock options or shares, as part of their compensation package.

Stock Purchase Plans

Programs offered by companies allowing employees to purchase company stock often at a discount, aiming to align the interests of employees and shareholders.