Contingency Theory Suggests That Managers Would Be More Successful If

question 115

True/False

Contingency theory suggests that managers would be more successful if they learned the best way to manage and motivate their employees, and then applied this knowledge in a universally consistent way.

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Definitions:

Viability of Suppliers

An assessment of a supplier's ability to meet contractual obligations, maintain consistent product or service quality, and sustain operations over time.

Replenishment Lead Time

The time span from when an order is placed until it is received and ready for use or sale, including order preparation, processing, and shipping.

Safety Inventory

Inventory kept as a precaution against supply and demand fluctuations, aiming to prevent stockouts and maintain service levels.

Single Sourcing

The procurement practice of acquiring goods or services from one selected supplier.