In a Study in a Unionized Auto Parts Manufacturing Plant

question 124

Multiple Choice

In a study in a unionized auto parts manufacturing plant, a Scanlon gain-sharing program had a positive effect on the number of suggestions provided by employees and the number of suggestions implemented was associated with

• A)fewer accidents.
• B)lower labour costs.
• C)lower production costs.
• D)fewer errors made by employees.
• E)all of the above

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Definitions:

FIFO Method

The First-In, First-Out (FIFO) method is an inventory valuation approach where goods produced or acquired first are sold or used first.

Physical Count

The process of manually counting all inventory items in a store or warehouse to verify quantities and condition.

Cost of Goods Sold

The costs directly resulting from the creation of products a company sells, including expenses related to materials and labor.

Gross Profit

The financial metric that represents the difference between sales revenue and the cost of goods sold.