To Correct Inequity,managers Should Use ________

question 20

Multiple Choice

To correct inequity,managers should use ________.

• A) monetary compensation only
• B) nonmonetary compensation, such as praise and recognition, only
• C) whatever approach they have available
• D) praise, but avoid recognition

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Definitions:

Supplier Performance Index

Supplier Performance Index is a quantitative score that measures and evaluates the performance of a supplier based on criteria like quality, delivery, and service.

Purchase Price

The amount paid to acquire a good or service.

Supplier Costs

Expenses incurred for goods or services purchased from vendors, including the cost of materials, as well as any delivery or handling charges.

Economic Order Quantity

The optimal quantity of inventory to order that minimizes total inventory costs, including holding and ordering costs.