How Can Flowcharts and Process Charts Be Used to Study

question 132

Essay

How can flowcharts and process charts be used to study and improve operations? Include descriptions of these two tools, the types of questions that can be addressed with them, and the extent to which teams can be used.

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Definitions:

Bonus Pay

Additional compensation given to employees as a reward for achieving specific goals, performance levels, or for exceptional work beyond their regular pay.

Merit Pay

A system of compensation where employees are awarded pay increases or bonuses based on their performance or achievements.

Profit-Sharing

A compensation strategy where employees receive a share of the company's profits, typically as a supplement to their regular income.

Lump-Sum Payments

A single payment made at a particular time, as opposed to multiple payments made over a period of time.