Which of the Following Statements Is True of the Classification

question 20

Multiple Choice

Which of the following statements is true of the classification system as a job-evaluation method?

• A) It can easily accommodate changes in the value of various individual jobs in an organization.
• B) It is difficult to construct.
• C) It assumes that a flexible relationship exists between job factors and their value to an organization.
• D) It is difficult to communicate to employees.

Understand the concept of low-level coding and its importance in the bill of materials organization.

Comprehend the role of safety stock in MRP and its impact on inventory management.

Recognize the integration and differences between Just-In-Time (JIT) inventory strategies and MRP.

Understand the impact of Jean Piaget on cognitive psychology.

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Definitions:

Check

A special draft that orders a bank (the drawee) to pay a specified sum of money to the payee from the drawer’s account.

Blank Endorsement

A payee’s or last endorsee’s signature on a negotiable instrument.

Payee's Signature

The signature of the individual or entity entitled to receive payment on a negotiable instrument or document.

Last Endorsee

The most recent party to whom a negotiable instrument, such as a check or promissory note, has been endorsed.