When a Fast Moving Consumer Goods Company Faced Bankruptcy, the Company

question 6

Multiple Choice

When a fast moving consumer goods company faced bankruptcy, the company decided to encourage its employees by inviting them to contribute their ideas toward organizational development and growth.Further, the organization asked its human resource team to assess the workers' levels of commitment.In this scenario, which of the following human resource management practices is being used by the company?

• A) Self-directed work teams
• B) Attitude surveys
• C) Contingent pay
• D) Formal performance appraisals
• E) Continuous training

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Definitions:

Net Income

The amount of money a company earns after all expenses and taxes have been subtracted from its total revenue.

Inventory Cost

The total cost incurred to procure, produce, and store inventory, including purchase price, production, and handling costs.

Gross Profit

the difference between revenue and the cost of goods sold before deducting overhead, payroll, taxation, and interest payments.

Cost Of Goods Sold

The immediate expenses directly related to creating a company's sold products, covering both labor and materials costs.