Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is a key successfactor? A. A key success factor is whenemployees, working in their own perceived bestinterests, make decisions that help meet the overall

What is a key successfactor?

A.

A key success factor is whenemployees, working in their own perceived bestinterests, make decisions that help meet the overall goals of the organization.

B.

A key success factor is the assumption that an organization minimizes the cost of quality when it achieves high quality levels.

C.

A key success factor is a characteristic or attribute that must be achieved in order to drive the organization towards its goals. Note the difference between a key success factor and an action. Actions require effort and can be observed on ashort-term basis. Acause-effect statement can be made that relates specific actions(or activities) to key success factors."If we_______ (fill in theaction), then we will________ (fill in the key successfactor)." Forexample, "If we reduce order lead time, then we will be more responsive to our customers."

Actions areverbs, key success factors are characteristics or attributes.

D.

A key success factor is an action which drives the organization towards its goals. Note the difference between a key success factor and a characteristic or attribute. Key success factors require effort and can be observed on ashort-term basis.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools for business decision making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

5th edition

470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144

More Books

Students also viewed these Accounting questions

Question

Salary (if known)

Answered: 1 week ago

Question

=+c) Explain your conclusion.

Answered: 1 week ago