Challenges Facing Operations and Supply Chain Managers Signify That

question 39

Multiple Choice

Challenges facing operations and supply chain managers signify that

• A) more emphasis should be placed on manufacturing than on service industries.
• B) every operation should be externally directed to meet the customers' requirements.
• C) operations decisions should precede decisions in other functions in an organization.
• D) to be competitive, strategies for operations should have a narrow focus such as consideration of the effects of industry changes only.

Understand the importance and components of a formal orientation for new hires.

Recognize the necessity of introducing new employees to company methods and procedures.

Appreciate the value of on-the-job training for updating and acquiring new knowledge.

Identify various elements of employee compensation beyond wages and salaries.

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Definitions:

Social Security

A government program designed to provide financial assistance to individuals during retirement, disability, or in other circumstances warranting support.

Small Businesses

Enterprises with limited revenue and number of employees, playing a significant role in the economy by offering innovation and employment.

First-time Business Owners

Individuals who are starting and owning a business for the first time, often facing unique challenges and learning experiences.

Initial Sales

The first sales activity that occurs when a product or service is introduced to the market.