Which of the Following Is True in the Context of Regulating

question 55

Multiple Choice

Which of the following is true in the context of regulating departmental workflow?

• A) If the workflow must remain even, a supervisor must hire temporary employees during peak periods.
• B) When a definite plan is charted out, it hampers the flexibility of the employees and makes it difficult to regulate departmental workflow.
• C) A supervisor should ideally avoid working closely with his/her manager and peers in order to effectively regulate departmental workflow.
• D) The formation of teams of employees to examine and solve workflow problems helps in effectively regulating departmental workflow.

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Definitions:

Average Cost

The overall expense of manufacturing split by the quantity of units made.

Rate of Return

The increase or decrease in value of an investment throughout a determined period, shown as a percent of the investment’s initial cost.

Natural Monopolies

A market situation where a single supplier, due to unique resources, technology, or economies of scale, can provide a product or service at a lower cost than any potential competitor.

Regulatory Agency

A governmental body responsible for enforcing specific laws and regulations to protect public interest in areas such as health, safety, and the environment.