A High-Performance Work System

question 15

Multiple Choice

A high-performance work system:

• A) consists of a group of exceptional employees whose productivity is enhanced by collaboration in the workplace.
• B) is a combination of people,technology,and organizational structure that makes full use of resources and opportunities in achieving their organizations' goals.
• C) is a computer software system designed to help managers solve problems by showing how results vary when the manager alters assumptions or data.
• D) is a system used to collect,record,store,analyze,and retrieve data concerning an organization's human resources.
• E) All of the choices are correct.

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Definitions:

Fixed Overhead Budget Variance

The variance between the budgeted and the actual incurred fixed overhead expenses.

Manufacturing Overhead Applied

The portion of estimated manufacturing overhead cost that is assigned to each unit of production based on a predetermined rate.

Labor-Hour

A labor-hour represents an hour of work performed by an employee, typically used as a basis for allocating labor costs or measuring productivity.

Manufacturing Overhead

All indirect costs associated with the manufacturing process, including but not limited to utilities, maintenance, and factory equipment depreciation.