If a Firm Has No Excess Capacity, Which of the Following

question 99

Multiple Choice

If a firm has no excess capacity, which of the following is a sensible bidding strategy?

• A) Set a price to cover all costs.
• B) Base the bid on the incremental costs incurred because the job will contribute toward the company's profit.
• C) Base the bid solely on direct labor hours.
• D) Downplay the potential impact of competitors.
• E) Try to minimize the company's tax liability.

Comprehend the impact of cultural differences on organizational performance and work life quality.

Understand the processes involved in external adaptation including goal setting and coping with outcomes.

Realize the influence of societal culture on organizational culture and the challenge of aligning the two.

Grasp the concept of multicultural organizations and strategies for cultivating diversity and inclusion.

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Definitions:

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, affecting organizational continuity and costs.

Work Goals

Are the objectives or targets that individuals or teams aim to achieve through their work efforts, guiding tasks, and prioritizing activities.

Profit-Sharing Program

An incentive scheme whereby employees receive a share of the company’s profits, usually in addition to their regular salary.

Tons

A unit of weight equivalent to 2,000 pounds in the United States (short ton) or 2,240 pounds in the United Kingdom (long ton).