A High-Performance Work System Refers To

question 82

Multiple Choice

A high-performance work system refers to:

• A) an arrangement of machinery and equipment that streamlines the workflow and results in maximum efficiency and cost savings.
• B) 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) a computer software system designed to help managers solve problems by showing how results vary when the manager alters assumptions or data.
• D) a system used to collect, record, store, analyze, and retrieve data concerning an organization's human resources.
• E) a performance management system that customer satisfaction.

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Definitions:

Relevant Market

The market in which a particular product or service is sold, considering the competition, substitutes, and area in which it operates.

Tying Agreements

Contracts where the sale of one good (the tying product) to a customer is conditional on the purchase of a second, distinct good (the tied product).

Branded Goods

Branded goods are products that are made by well-known manufacturers and carry a brand name or logo, distinguishing them from generic or no-name products.

Behavioralists

Researchers or theorists who study the effects of human behavior on decision-making processes, often in the context of economics or psychology.