Sean Wants to Improve His Workers' Performance and Productivity

question 72

Multiple Choice

Sean wants to improve his workers' performance and productivity.To learn the best ways to do so,Sean could work to improve his skills with the ________ responsibilities of line management.

• A)safety and security
• B)appraisal and promotion
• C)leadership and motivation
• D)labor cost controls.

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Definitions:

Carrying Cost

The total cost associated with holding inventory, including storage, insurance, taxes, depreciation, and opportunity costs, among others.

Setup Cost

The expenses incurred in preparing equipment or processes for manufacturing an order or batch of products.

Annual Demand

The total quantity of a product or service that consumers are willing and able to purchase over a year.

Safety Stock

Additional quantity of an item held in inventory to reduce the risk of stockouts caused by variability in supply or demand.