Which One of the Following Statements Concerning Typical Objectives of Production

question 137

Multiple Choice

Which one of the following statements concerning typical objectives of production and staffing plans is best?

• A) Improved on-time delivery also means minimizing inventory investment.
• B) Minimizing costs will also minimize changes in the workforce levels.
• C) Maximizing profits also minimizes inventory investment.
• D) Adjusting workforce levels may cause lower productivity because new employees typically need time to become fully productive.

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Definitions:

Valence Rewards

Refers to the desirability of the reward outcomes, according to the expectancy theory, influencing the motivation of individuals.

Merit Pay

A salary increase awarded to employees based on their job performance, as a method to motivate and reward excellence.

Tenure

A status granted to an employee, usually after a specific period of service, indicating a permanent position or a guarantee of employment.

Competencies

A mix of knowledge, skills, behaviors, and attitudes that a person needs to be effective in a wide range of jobs and various types of organizations.