Identify the Statement That Best Defines a High-Performance Work System

question 76

Multiple Choice

Identify the statement that best defines a high-performance work system.

• A) It is an arrangement of machinery and equipment that streamlines the workflow and results in maximum efficiency and cost savings.
• B) It refers to the right combination of people, technology, and organizational structure that makes full use of the organization's resources and opportunities in achieving its goals.
• C) It is a computer software system that is designed to help managers solve problems by showing how results vary when the manager alters assumptions or data.
• D) It is a system that is used to collect, record, store, analyze, and retrieve data concerning an organization's human resources.
• E) It refers to a performance management system that measures customer satisfaction.

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Definitions:

Mortality Rate

Mortality rate, often expressed per thousand or per hundred thousand, refers to the frequency of deaths in a given population during a specific period of time.

Unrecognized Net Gain Or Loss

Refers to gains or losses that have been incurred but are not reported in the financial statements because they are unrealized.

Vested Benefits

Employee benefits, such as pension plans or stock options, that one has earned the right to receive and cannot be forfeited.

Accrual Concept

An accounting methodology that records revenues and expenses when they are incurred, regardless of cash flow.