Which Statement About Performance Criteria Is True

question 4

Multiple Choice

Which statement about performance criteria is true?

• A)There is no one performance criterion that is suitable for all organizational purposes.
• B)Performance criteria usually consist of one dimension only.
• C)I/O psychologists have identified several performance criteria that are perfect measures of performance.
• D)All performance criteria are suitable for all organizational decisions.

Recognize the importance of information in reducing supply chain uncertainty.

Analyze the impact of the product life cycle on strategic fit.

Identify the weaknesses of different strategic views within supply chain management.

Define the elements of scope of strategic fit.

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Definitions:

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing for full adjustment to changes.

Short Run

In economics, a period during which at least one of a firm's inputs is fixed and cannot be changed.

Fixed Input

An input in the production process that cannot be changed in the short term, such as buildings or land.

Long-Run Adjustment

A process in which firms adjust their inputs and outputs to achieve the optimal level of production and efficiency over an extended period.