Maintaining a Stable Workforce Working at a Constant Output Rate

question 1

Multiple Choice

Maintaining a stable workforce working at a constant output rate while shortages and surpluses are absorbed by fluctuating inventory levels, order backlogs, and allowing lost sales is which of the following production planning strategies?

• A) Stable workforce, variable work hours
• B) Chase
• C) Level
• D) Full employment
• E) Skill maintenance

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Definitions:

Private Ownership

The control and ownership of property, enterprises, and means of production by individuals or private companies, not the state.

Responsibility

A duty or task that an individual or entity is supposed to perform or bear.

Incentive

An external motivator that influences the behavior and decisions of individuals or organizations.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and running a new business venture.