Which of the Following Examples Demonstrates How Successful Organizations Manage

question 75

Multiple Choice

Which of the following examples demonstrates how successful organizations manage their primary activities?

• A)Motorola has revised its compensation system to reward employees who learn a variety of skills.
• B)Wal-Mart implemented a sophisticated information system that resulted in reduced inventory carrying costs and shortened customer response times.
• C)National Steel improved its efficiency by reducing the number of job classifications.
• D)Hewlett Packard has cut lead time from five days to one by employing JIT inventory management.

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Definitions:

Purchasing Power

The ability of an individual or group to buy goods and services, influenced by their income, savings, and the prices of goods and services.

Inflation

An increase in the general level of prices of products in an economy over a period of time.

Federal Commerce Commission

Likely referring to the Federal Trade Commission, a U.S. federal agency tasked with protecting consumers and promoting competition.

Consumer Protection

Laws and regulations designed to ensure the rights of consumers are protected against unfair practices by businesses.