A doctor completes a surgical procedure on a patient without error. The patient dies anyway. In operations management terms, we could refer to this doctor as being efficient but not effective.
Answer the following statement true (T) or false (F)
True
Efficiency means doing something at the lowest possible cost. Effectiveness means doing the right things to create the most value. The doctor performed the surgery without error. Because the patient died, no value was created.
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Which of the following allows managers and others to become aware of employees' pressures, problems, and rationalizations thus enabling them to take fraud prevention steps?
a. Office grapevine b. Open door policies c. Code of ethics d. Pygmalion effect
The auditor's expectations in final analytical procedures must be more precise than those for substantive analytics
a. True b. False Indicate whether the statement is true or false
A person driving over the prescribed speed limit in a suburban area hits and injures a pedestrian jaywalking against a red "Do Not Walk" sign
The jury finds that the driver holds 80 percent of the responsibility for the accident and the jaywalker holds 20 percent of the responsibility. The pedestrian suffered $100,000 in injuries. If the state in which this case is heard adopts the doctrine of contributory negligence to interpret such cases, the pedestrian is entitled to recover ________. A) $20,000 from the driver B) $80,000 from the driver C) $100,000 from the driver D) no damages from the driver
Which of the following best describes mutual commitment in an organization?
A) an instance in which management is committed to the employees and the employees are committed to management B) both management and the employees are committed to the same objective C) both management and the employees are committed, but to different objectives D) management obtains the commitment of the employees to a stated objective E) both management and the employees can rely on each other