Employee _____ Refers to Any Activity by Which Employees Participate

question 21

Multiple Choice

Employee _____ refers to any activity by which employees participate in work-related decisions and improvement activities,with the objectives of tapping the creative energies of all employees and improving their motivation.

• A)involvement
• B)motivation
• C)innovation
• D)improvement

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Definitions:

Carrying Costs

Expenses associated with maintaining inventory, including storage, insurance, and opportunity costs.

Cycle Counting

An approach to stock audit where a limited selection of the inventory at a defined site is enumerated on a chosen date.

Service Level

A measure of the performance of a service system, often defined in terms of responsiveness to customer needs and reliability.

Ordering Costs

The expenses associated with the process of requisitioning, purchasing, and receiving goods and services; includes costs of paperwork, communication, and inspections.