Management's Most Powerful Tool for Winning Employee Commitment to Good

question 39

Multiple Choice

Management's most powerful tool for winning employee commitment to good strategy execution and operating excellence is

• A)the establishment of strategy-supportive policies and procedures.
• B)empowering employees and encouraging them to adopt best practices.
• C)setting stretch objectives.
• D)a properly designed system of rewards and incentives.
• E)aggressive use of TQM and Six Sigma quality control programs.

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Definitions:

Expense Account

A ledger account that represents all costs or expenses incurred by a company during a specific period, impacting the income statement's net income.

Acquisition Costs

Expenses associated with acquiring new assets or investments, including legal fees, consulting fees, administrative costs, and other related expenses.

Property, Plant, Equipment

Long-term tangible assets owned by a business for use in the production or supply of goods and services, also known as fixed assets.

Speculation

The act of trading in an asset or engaging in a financial transaction that has a significant risk of losing most or all of the initial outlay, in expectation of a substantial gain.