The Approach to Management That Includes Training in Statistical Analysis,project

question 32

Multiple Choice

The approach to management that includes training in statistical analysis,project management,and problem solving in order to reduce the defect rate of products is called

• A)Six Sigma System.
• B)lean production.
• C)just-in-time production.
• D)organizational development.

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Definitions:

Pay Scale

A structure that determines the compensation levels for different positions within an organization, often reflecting experience, education, and responsibility.

Employee Compensation Strategy

A plan or approach used by employers to determine the mix of wages, salaries, and benefits the employees will receive.

Compensation Survey Firms

Companies that specialize in collecting and analyzing data on compensation rates to provide benchmarking and market rate information.

Overtime Pay Rates

Enhanced pay rates employees receive for hours worked beyond their normal scheduled hours, often set at 1.5 or double the regular rate.