The Choice for Employers Is to Ignore Whistle Blowers and Face

question 11

True/False

The choice for employers is to ignore whistle blowers and face public embarrassment and potentially ruinous financial penalties,or to create an internal system that allows whistle-blowers to be heard and responded to before the issue escalates to an external whistle blowing case.

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Definitions:

Value Analysis

A systematic approach to assess the functionality of goods and services with the goal of reducing cost without compromising on quality.

Reducing Costs

A process aimed at lowering the overall expenses involved in running a business or producing goods and services.

Supply Management

The practice of managing the supply chain activities and relationships to achieve competitive advantage and optimize cost.

Life Cycle Costing

The total cost of ownership of a product or system over its entire lifespan.