Managers at Zeppel Construction Company Set Up a Stringent Job

question 37

Multiple Choice

Managers at Zeppel Construction Company set up a stringent job interview process by which applicants are carefully screened at different levels of the organization before they are hired,attempting to increase the chance that newly hired managers will have the knowledge and skills they need to be successful within the organization.Which of the following control systems is being used by Zeppel?

• A) Concurrent control
• B) Feedforward control
• C) Feedback control
• D) Bureaucratic control
• E) MBO control

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Definitions:

Downward-Sloping

A term used to describe a graph line that decreases in height as it moves from left to right, commonly associated with demand curves in economics, indicating that quantity demanded decreases as price increases.

Demand Curve

A graph depicting the relationship between the price of a good and the quantity of the good that consumers are willing to purchase at that price.

Monopsony

A market situation where there is only one buyer for a product or service, giving the buyer substantial control over the market price.

Collude

The act of cooperating or conspiring, especially in a secretive manner among firms, to limit competition or manipulate market prices.