One of the Primary Reasons for the Unionization of Employees

question 42

Multiple Choice

One of the primary reasons for the unionization of employees in the United States is _____.

• A) that employees are dissatisfied with how they are treated by their employers
• B) that employees are concerned about the increased reshoring of manufacturing jobs
• C) the democratic leadership style used by the management of most companies
• D) the absence of ethnocentric work practices

Distinguish between metric, measure, and index, and understand the concept of order cycle time (OCT) and its implications.

Appreciate the importance of involving customers and suppliers in the development of metrics.

Understand the factors crucial to the development of successful supply chain metrics and the impact of logistics service on financial performance.

Comprehend the financial impact of supply chain decisions on an organization, including the revenue-cost savings connection.

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Definitions:

Link-Chain Method

A statistical method used for adjusting economic or financial time series data for the effects of inflation or other external factors to show real changes over time.

Dollar-Value LIFO

Dollar-value LIFO (Last In, First Out) is an accounting method used for inventory that measures the cost of inventory in dollar terms, adjusting for inflation.

Cost Index

An index that measures the changes in the cost or price of specific goods or services over time.

FIFO Cost

FIFO, or First-In, First-Out, is an inventory valuation method where the costs of the earliest goods purchased or produced are the first to be recognized in determining cost of goods sold.