Organizations That Have Extensive Employee Development Programs Run the Risk

question 91

True/False

Organizations that have extensive employee development programs run the risk of being "training programs" for other firms that hire away their employees.Consequently,organizational development efforts need to be closely tied to current and immediate organizational needs.

Analyze process stability and capability using statistical tools.

Identify the need for process adjustments based on statistical analyses.

Understand acceptance sampling and its application in quality control.

Calculate and analyze the Average Outgoing Quality (AOQ) in acceptance sampling.

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Definitions:

Cost of Inventories

The total value of all the components that make up inventory, including materials, labor, and allocated overhead.

Fixed and Variable

Terms referring to costs within a business, where fixed costs do not change with the level of production or sales, while variable costs vary directly with the level of production.

Merchandising Value Chains

The sequence of activities and processes a product undergoes from production to being sold to the end consumer in retail.

Service Firm

A business that primarily offers intangible products, such as expertise or services, rather than physical goods.