What Practical Steps Can a Manager Take to Motivate Employees

question 21

Multiple Choice

What practical steps can a manager take to motivate employees to increase their effort?

• A) determine how other companies within the industry are satisfying employees' needs
• B) satisfy employees' lower­order needs before attempting to satisfy higher­order needs
• C) expect employees' needs to be stable
• D) gradually replace extrinsic rewards with intrinsic rewards that are less expensive
• E) do all of these

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Definitions:

Safety Stock

Additional quantity of an item held in inventory to reduce the risk of stockouts caused by variability in supply or demand.

Stockouts

Occurrences when demand exceeds supply, resulting in an inability to fulfill customer orders or requirements immediately.

Inventory Carrying Costs

The total cost associated with holding inventory, including storage, insurance, depreciation, and opportunity costs.

Standard Deviation

An index indicating the degree of spread or diversity among values in a dataset.