Recruiting and Retaining Capable Employees Is

question 65

Multiple Choice

Recruiting and retaining capable employees is

• A)usually much more important to good strategy execution than is assembling a capable top-management team.
• B)important because the quality of an organization's people is always an essential ingredient of successful strategy execution.
• C)more important during periods of rapid growth than during periods of crisis and attempted turnarounds.
• D)an important organization-building element, particularly when it comes to transforming a competence into a core competence or distinctive competence.
• E)easily the most critical aspect in building competitively valuable core competencies and capabilities.

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Definitions:

Direct Materials

Raw materials that can be directly traced to the production of a specific product and are a direct cost in the manufacturing process.

Finished Manufactured Product

A product that has completed the manufacturing process and is ready for sale to customers.

Factory Overhead

Factory overhead encompasses all indirect costs related to manufacturing, such as utilities, maintenance, and management salaries.

Surplus

An excess of income or assets over expenditure or liabilities in a given period, typically a financial year.