Value chain is defined as a set of activities performed by an organization to convert inputs into outputs in such a way that the input value is increased. Hence, the correct answer is option “ C ”.

Question

The board of directors of a company determines that senior management should be rewarded in order to achieve the company's objectives. The board of directors determines whether to award bonuses based on growth in share value at the conclusion of each fiscal year. Bonuses will be given in stock, which the managers may keep or sell on the open market. What are the ramifications of instituting a rewards scheme like this?

Answer 1

Expert Solution & Answer

Chapter 2, Problem 2SAT

Program Description Answer

Value chain is defined as a set of activities performed by an organization to convert inputs into outputs in such a way that the input value is increased.

Hence, the correct answer is option “C”.

Expert Solution & Answer

Trending nowThis is a popular solution!

See solution

Check out sample textbook solution

Students have asked these similar questions

The board of directors of a company determines that senior management should be rewarded in order to achieve the company's objectives. The board of directors determines whether to award bonuses based on growth in share value at the conclusion of each fiscal year. Bonuses will be given in stock, which the managers may keep or sell on the open market. What are the ramifications of instituting a rewards scheme like this?

The Shining Stars primary school was the recent recipient of a technology grant to source and implement a school management system. The school administrator is not technology savvy and therefore sought advice from three of the board members who were knowledgeable in the information systems and technology field. One director advised the administrator to purchase an off-the-shelf solution that would allow the school to get the system configured and up and running in a short period with reasonable costs. The second advised the administrator to invest in the development of a unique system to meet the custom requirements of the school’s administration. He suggested that this would create a closer fit to the school’s needs compared to purchasing software, but will cost more. The third director suggested using an open-source solution which would have little if any upfront costs but may require some customization. The school administrator must decide about which solution to go with. Are…

Ex. 114 Match each activity below to the phase of system development to which it belongs. Before each activity description use one of the following codes: A — Analysis I — Implementation D — Design F — Follow-up ____ 1. Monitor the system for breakdowns and weaknesses ____ 2. Hire and train personnel ____ 3. Evaluate the efficiency of the system ____ 4. Identify sources of information ____ 5. Select procedures from among alternatives ____ 6. Prepare job descriptions ____ 7. Install processing equipment ____ 8. Corrections in design may be necessary ____ 9. Determine information needs ____ 10. Format reports