Which of the Following Is an Example of a High-Performance

question 53

Multiple Choice

Which of the following is an example of a high-performance work practice?

• A) clearly defined job assignments
• B) centralized decision making
• C) skill-based compensation
• D) self-managed teams

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Definitions:

Profit Per Unit

The amount of profit earned by selling one unit of a product or service.

Natural Monopoly

A market condition where a single supplier is most efficient in producing a good or service due to high initial costs and substantial economies of scale.

Marginal Cost

The augmentation in cumulative costs linked with generating an extra unit of a product or service.

Average Cost

The overall expense of manufacturing split by the quantity of units made.