In Which One of the Following Instances Is the Training

question 49

Multiple Choice

In which one of the following instances is the training and retraining of employees likely to make the LEAST important contribution to good strategy execution?

• A) When a company shifts to a strategy requiring different skills,competitive capabilities,managerial approaches,and operating methods
• B) When an organization is striving to build skills-based competencies
• C) When technical know-how is changing so rapidly that a company loses its ability to compete unless its skilled people have cutting-edge knowledge and expertise
• D) When the chosen strategy calls for a deeper technological capability or building and using new capabilities
• E) When the strategy execution effort is based on tried-and-true operating practices that vary little from year to year

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Definitions:

Mixed Cost

Costs that have both fixed and variable components and change in total with the level of activity, but not proportionately.

Machine-hour

A metric that quantifies the number of hours a machine is utilized to manufacture products during a specified timeframe.

High-low Method

An approach in managerial accounting that approximates variable and fixed costs by examining the maximum and minimum levels of activity.

Inspection Costs

Expenses associated with the activity of checking and verifying the quality or specifications of goods or services.