In a High-Performance Work System,organizational Structure

question 87

Multiple Choice

In a high-performance work system,organizational structure:

• A) promotes high employee turnover.
• B) promotes cooperation and learning.
• C) discourages competition.
• D) helps the organization select the right people with the required qualifications.
• E) encourages people to strive for objectives that support the organization's overall goals.

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Definitions:

Favorable Variances

Differences between actual and budgeted or standard costs that result in better-than-expected financial performance.

Unfavorable Variances

Differences where actual costs are higher than standard or expected costs in budgeting.

Cost Variance

The difference between the estimated cost of a project or production and the actual cost incurred.

Standard Cost

A predetermined cost of manufacturing, established based on historical data, for the purpose of budgeting and performance evaluation.