Grexel Tools Applies Its In-Depth Understanding of the Challenges Facing

question 80

Multiple Choice

Grexel Tools applies its in-depth understanding of the challenges facing manufacturers to design and build custom machine tools that are highly valued by business customers.To maintain its competitive advantage,Grexel also wants to avoid spending more than is necessary on administrative activities such as managing employee benefits.What would be the most effective way for Grexel to minimize administrative expenses without sacrificing quality?

• A) hiring new employees with administrative skills
• B) downsizing the workforce so fewer administrators are needed
• C) moving to a location where raw materials are abundant
• D) outsourcing administrative work to an organization that specializes in these services
• E) hiring temporary workers to fill permanent job positions

---

Definitions:

Correlation Coefficients

Statistical measures that indicate the extent to which two or more variables fluctuate together, ranging from -1 to 1, where 1 indicates a perfect positive correlation and -1 indicates a perfect negative correlation.

Cause and Effect

A relationship between events or things, where one is the result of the other or others, a combination of action and reaction.

Negatively Correlated

Describes a relationship between two variables where one variable increases as the other decreases.

Risk of Cancer

The probability or chance that an individual will develop cancer over a certain period of time, often influenced by genetic, environmental, and lifestyle factors.