Technological Change Is a Key Reason Why Wal-Mart Has Become

question 95

Multiple Choice

Technological change is a key reason why Wal-Mart has become one of the largest firms in the world. Which of the following is a change in technology implemented by Wal-Mart?

• A) Wal-Mart developed a supply chain that allows it to manage inventories efficiently.
• B) Instead of buying goods it sells from other companies, Wal-Mart makes many of these goods in its own factories.
• C) Wal-Mart employs hundreds of scientists and engineers who develop new cost-saving techniques.
• D) Wal-Mart hires managers from many of the top business schools in the United States.

---

Definitions:

Differential Piece Rate

A compensation rate under which employees whose production exceeds the standard amount of output receive a higher rate for all of their work than the rate paid to those who do not exceed the standard amount

Production Exceeds

The scenario where the output or manufacturing volume surpasses the expected or planned thresholds.

Standard Level

A predefined benchmark or norm that establishes expected performance, quality, or outcomes within an organization or industry.

Incentive Plans

Compensation strategies designed to motivate employees by tying a portion of their pay to specific performance metrics.