A Formal System for Evaluating Subordinates' Behavior by Their Ability

question 72

Multiple Choice

A formal system for evaluating subordinates' behavior by their ability to achieve specific goals is called:

• A) an SOP.
• B) an operating standard.
• C) management by objectives.
• D) total quality management.
• E) clan control.

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Definitions:

Just in Time

The Just in Time (JIT) methodology is an inventory management strategy that aims to reduce waste and increase efficiency by receiving goods only as they are needed in the production process.

Suppliers

Entities or individuals that provide goods or services to other entities or individuals, typically within a business or manufacturing process.

Short-term Financing

Refers to the obtaining of loans or other monetary support for a period of typically less than one year, to address immediate financial needs.

Long-term Financing

Funding obtained for a time frame exceeding one year in duration, typically used for acquiring or investing in assets that have a long useful life.