What is the link between focused processes and specialization? What kinds of focus are possible?
What will be an ideal response?
Focused processes are a means of obtaining increased productivity through forms of specialization. Focus can take several forms, including concentrating on specific classes of customers, working only with products in selected product families, specializing in a specific service, or working with a narrow range of technology.
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The human resource department of Miller Memorial Hospital has played a leading role in helping the hospital become a high-performance work system. Recently, the team has been focusing on the organization's performance management. Which effort would most directly ensure that performance management supports the development of a high-performance work system?
A. developing the hospital's talent to move into positions of greater responsibility B. ensuring the confidentiality of the organization's primary objectives C. identifying and hiring people who are enthusiastic about and able to contribute to teamwork D. making sure employees know how their work contributes to the hospital's mission E. preventing organizational culture from influencing employees' behaviors
The Taylor rule implies that the nominal federal funds rate should be increased if there is a _____ output gap or a _____ inflation gap.?
A. ?positive; positive B. ?positive; negative C. ?negative; positive D. ?negative; negative
Consumers of the final goods and services are involved in B2B trading.
Answer the following statement true (T) or false (F)
If a depositor in First Bank takes a check written on Valley Bank to First Bank to deposit, it will not normally be credited to his account until collected from the payor bank
a. True b. False Indicate whether the statement is true or false