Determining Which Components and Raw Materials Should Be Produced In-House

question 20

Multiple Choice

Determining which components and raw materials should be produced in-house and which components and raw materials should be acquired from suppliers is known as the _____ decision.

• A) sale-or-keep
• B) manufacture-or-sale
• C) sink-or-swim
• D) make-or-buy
• E) build-or-break

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Definitions:

Performance Appraisal

A regular review and evaluation of an individual's job performance and overall contribution to an organization.

Employee Empowerment

The practice of giving employees the authority, tools, and resources to make decisions and contribute to the company's success.

Organizational Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business, influencing employee behavior and company operations.

Job Design

The process of organizing tasks, duties, and responsibilities into a productive unit of work to enhance job satisfaction and performance.