Scenario B

question 75

Multiple Choice

Scenario B. Use the information given below to answer the following questions.
Your manager is speaking to a group of employees about a problem in your department. Employees are not complying with the rules regarding the hours of work done per day. The rules in this situation are very important as the salary is linked to the number of hours worked. There are three suggestions being considered to address this problem:
1. Employees will be monitored at the entrance during shift changes to make sure that everyone enters data correctly.
2. Reports containing data tracking the number of hours worked will be reviewed regularly. Employees violating the rules will be counseled to correct the problem.
3. A new procedure will be developed describing an easier procedure for employees to ensure that they work the required number of hours. Training will be conducted so that each employee knows the policy and the procedure before it is enforced.
-Which approach to bureaucratic control is exemplified by the second option?

• A) Feedback
• B) Feedforward
• C) Concurrent
• D) Market
• E) Clan

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Definitions:

Marginal Revenue Product

The extra revenue generated by employing an additional unit of a factor, such as labor or capital.

Perfect Competitor

A theoretical market structure where numerous small firms sell identical products, and no single seller can influence the market price.

Monopolist

A monopolist is a sole provider of a good or service in a market, having the power to influence the price and quantity of the product.

Output Price

The price at which a product or service is sold in the market.