In This Question Focusing on the Structural and Infra-Structural Decision

question 51

Multiple Choice

In this question focusing on the structural and infra-structural decision areas you need to match
the question with the correct strategy. Question: What skills should be developed in the staff of the
operation?

• A) Technology strategy
• B) Vertical integration strategy
• C) Planning and control systems strategy
• D) Facilities strategy
• E) Supplier development strategy
• F) Workforce and organisation strategy
• G) New product/service development strategy
• H) Failure prevention and recovery strategy
• I) Improvement strategy
• J) Inventory strategy
• K) Capacity adjustment strategy

Know how to freeze and split views for easier navigation through large datasets.

Familiarize with the concept of workbook and worksheet structuring for optimal data organization and protection.

Understand the difference between a living wage and the minimum wage.

Comprehend the concepts of pay structures, pay grades, and how jobs are grouped and evaluated for compensation purposes.

---

Definitions:

Excess Reserves

The amounts of cash banks hold in reserve over and above the regulatory requirements, which can influence their capacity for lending and overall liquidity in the economy.

Required Reserves

Required Reserves refer to the minimum reserve of cash that banks must hold either in their vaults or on deposit with the central bank, as mandated by financial regulations.

Total Reserves

The sum of a bank's deposits held in the central bank plus its cash on hand, serving as a buffer against potential withdrawals.

Lend Reserves

The practice by financial institutions of providing loans out of their reserves, often influencing the money supply in the economy.