Performance Appraisal and Training Are Included in the Human Resource

question 101

True/False

Performance appraisal and training are included in the human resource management process.

Recognize various supplier selection criteria and their relevance to procurement decisions.

Distinguish between the types of products and services purchased, assessing them based on risk and value.

Understand the concept and impact of routing flexibility in supply chains.

Comprehend the role and types of production layouts, including workcenters.

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Definitions:

Storage Costs

Storage costs are expenses associated with warehousing and holding inventory, including rent, utilities, and other maintenance expenses for storage facilities.

Activity-Based Costing

Activity-based costing is an accounting method that assigns costs to products or services based on the activities that go into producing them, thereby giving more accurate insights into the costs and profitability of each.

Facility Sustaining Costs

Expenses incurred to maintain the operational capacity of a physical facility or infrastructure, excluding costs related to direct production activities.

Cleaning

The process of removing contaminants, dirt, and impurities from objects and environments, often for maintaining health and hygiene.