Bob Has an Opening to Fill in His Department

question 60

Multiple Choice

Bob has an opening to fill in his department.Although high performance is really needed from a new employee,Bob's organization has little to offer in the way of organizational support.The organization has no real training program,the technology the department uses is outdated,and the relationships among Bob's other subordinates are somewhat conflict-ridden.Which of the following statements is TRUE?

• A) Since organizational support is absent, it is unlikely high performance can be expected from any new hire.
• B) Bob should probably outsource this job to an independent contractor.
• C) In this situation, Bob is most likely to get high performance from the new hire if he selects an applicant with extremely high ability.
• D) In this situation, Bob will most likely get high performance from the new hire if he selects an applicant who is highly motivated and has a strong work ethic.

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Definitions:

Global Pricing

The strategy of setting prices for products or services on a worldwide scale, considering factors like costs, market conditions, and competition.

Intervention Effects

The impact of external actions, often by governments or institutions, intended to alter an outcome or correct a market failure.

Rigid Cost-plus Pricing

A pricing strategy where a fixed percentage is added to the total cost of production to determine the price of a product, without flexibility.

Pricing Strategies

The methods and tactics businesses employ to price their products or services effectively to attract customers and achieve profitability.