Value-maximizing managers will undertake quality improvements only if:
A. the incentive and reward systems are well defined and functional.
B. the incremental benefits exceed the incremental costs of enhancement.
C. the management overestimates the cost of enhancement.
D. the incremental benefits fall below the incremental costs of enhancement.
Answer: B
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Country A has a GDP of $300 billion and a population of 10 million, while Country B has a GDP of $3 trillion and a population of 200 million. The per capita GDP in Country A and Country B are _____ and _____, respectively
a. $30,000 . $15,000 b. $15,000 . $30,000 c. $15,000 . $7,500 d. $7,500; $15,000
(The following national income data are in billions of dollars.)
Refer to the above data. This nation's GDP is:
A.
$315 billion
B.
$324 billion
C.
$305 billion
D.
$367 billion