A Panel of Division Managers Evaluating a Supervisor's Potential for Advancement

question 50

Multiple Choice

A panel of division managers evaluating a supervisor's potential for advancement in the organization is known as _____.

• A) peer rating
• B) multisource rating
• C) outsider rating
• D) self-rating

Comprehend the calculation and interpretation of standard deviation.

Recognize the importance of cost-to-benefit analysis in quality management.

Explain the purpose and implementation of quality assurance and audits in a management system.

Identify and describe Deming's principles of management and their impact on quality improvement.

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Definitions:

Economies Of Scope

Cost advantages that enterprises obtain due to a larger scope of operations, where producing a wider variety of goods or services results in lower average costs.

Economies Of Scope

Cost advantages that result from a firm's ability to produce multiple products more efficiently together than separately.

Seasonal Demand

Fluctuations in the demand for certain products or services that occur at specific times of the year.

Diseconomies Of Scope

Exist when the cost of producing two products jointly is more than the cost of producing those two products separately.