As Part of a Company-Wide Business Strategy,Wright Inc

question 124

Multiple Choice

As part of a company-wide business strategy,Wright Inc.conducts a comprehensive examination of its critical work techniques to increase their efficiency.The results of the examination are used to create a strategy to provide high-quality goods and services to the firm's customers.Which of the following HRM practices does Wright use?

• A) outsourcing
• B) reengineering
• C) downsizing
• D) merger
• E) acquisition

---

Definitions:

Lease Cost

Lease cost refers to the expense incurred by leasing property or equipment, including monthly payments, maintenance, taxes, and other associated fees.

Rate of Return

The increase or decrease in value of an investment during a particular time frame, represented as a percent of the investment's initial cost.

Supply Chain Network Design

The process of defining a supply chain's structure, including the selection of locations for production, storage facilities, and transportation routes.

Uncertainty

Denotes the lack of predictability in the outcome of events or in the availability of information, affecting decision-making processes and strategic planning.