Which Type of Employee Empowerment Program Is Particularly Prevalent in Manufacturing

question 54

Multiple Choice

Which type of employee empowerment program is particularly prevalent in manufacturing organizations, where newer manufacturing strategies, competitive pressures, and advanced production technologies place added responsibility on shop floor employees?

• A) Quality circles
• B) Job enrichment
• C) Self-managed work teams
• D) Informal participative decision-making programs

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Definitions:

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash and bank deposits.

Total Reserves

The sum of a bank's deposits held at the central bank and the cash physically held in the bank's vault.

Required Reserves

The minimum amount of reserves that a bank must hold as mandated by the central bank or regulatory authority, usually a percentage of the bank's deposit liabilities.

Excess Reserves

Funds held by banks over and above the legally mandated reserve requirement, which can be lent out to generate additional income or held as a safeguard against potential withdrawals.