Management's Most Powerful Tool for Winning Employee Commitment to Good

question 15

Multiple Choice

Management's most powerful tool for winning employee commitment to good strategy execution and operating excellence is

• A) the establishment of strategy-supportive policies and procedures.
• B) empowering employees and encouraging them to adopt best practices.
• C) setting stretch objectives.
• D) a system of rewards and incentives tied tightly to the achievement of the targeted strategic and financial performance.
• E) aggressive use of TQM and Six Sigma quality control programs.

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Definitions:

Balance Sheet

A report that encapsulates a business's assets, debts, and owner's equity at a certain date.

Financial Leverage

The use of borrowed funds with a fixed cost in an effort to amplify the potential return to shareholders.

Bonds Payable

Long-term liabilities represented by documents promising to pay a specified sum of money at a future date plus periodic interest payments to bondholders.

Accounts Payable

Represents the amounts owed by a company to its creditors for goods and services purchased on credit.