One of the Principles of Reengineering Is Which of the Following

question 12

Multiple Choice

One of the principles of reengineering is which of the following?

• A)Quality at the source
• B)Have those who use the output of a process perform the process
• C)Do not select suppliers on the basis of price alone
• D)Leverage high cost employees with lower cost employees
• E)Downsize your headcount while outsourcing non-essential activities

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Definitions:

Wage Rate

The amount of money paid to a worker per unit of time, usually expressed per hour or year.

Supply Curve

A graphical representation showing the quantity of goods that producers are willing and able to sell at different prices.

Market for Labor

The economic marketplace where employers find workers and workers find jobs.

Backward-Bending

Referring to the labor supply curve, it describes the scenario where an increase in wage rates leads to a decrease in the hours worked due to an increase in income effect over substitution effect.