SCENARIO 5-1 Your Supervisor Is Interested in Re-Engineering Work Processes Throughout the Throughout

question 52

Multiple Choice

SCENARIO 5-1
Your supervisor is interested in re-engineering work processes throughout the organization in order to establish work teams.However,he needs to make a presentation to senior executives outlining the benefits of such a plan.You have been asked to provide him with the rationale for such an endeavour.

-Referring to SCENARIO 5-1,which of the following is a good reason for undertaking such a plan?

• A)It will reduce conflict.
• B)It will have negative synergy.
• C)It will dramatically decrease the amount of time to make decisions.
• D)Individuals will have greater job satisfaction because of higher pay levels.
• E)Employees will have greater task identity.

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Definitions:

Demand Curve

A representation that shows the quantity of a particular good or service that consumers are willing and able to purchase at various prices.

Government Intervention

Actions taken by the government to influence or directly control economic or market conditions.

External Costs

Costs incurred by third parties who are not involved in a transaction, often leading to market failure if not properly accounted for.

Perfect Information

A market condition where all participants have complete and identical information about the product, including its price and quality.