In Trying to Gain Their Employees' Wholehearted Commitment to Good

question 40

Multiple Choice

In trying to gain their employees' wholehearted commitment to good strategy execution and operating excellence,managers are well advised to use all of the following incentives except

• A)adopting promotion-from-within policies and acting on suggestions from employees.
• B)creating a work atmosphere in which there is genuine caring and mutual respect among workers and between management and employees.
• C)giving awards and public recognition to high performers and showcasing company successes.
• D)providing attractive perks and fringe benefits.
• E)withholding information from employees about financial performance,strategy,and competitors' actions.

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Definitions:

Net Realizable Value

The estimated selling price of an asset in the ordinary course of business minus any costs of completion, transportation, and necessary selling expenses.

Direct Costs of Disposal

The expenses directly linked to the process of disposing of an asset, including sales fees and legal costs.

Decreasing Costs

A situation where the expenses of producing a good or service fall over time, typically due to efficiency improvements or economies of scale.

LIFO Method

An inventory valuation method called "Last In, First Out," where the cost of the most recently purchased items is the first to be expensed as cost of goods sold.