Make-Or-Buy Decisions,such as Whether to Make a Part Internally or Buy

question 88

True/False

Make-or-buy decisions,such as whether to make a part internally or buy it from an external supplier,may lead to outsourcing.

---

Definitions:

Ranking Method

A method used in various contexts to arrange items or individuals in order based on certain criteria, often for evaluation or prioritization purposes.

Forced Distribution Method

A performance management system where employees are ranked in groups and forced into predetermined categories, such as top, middle, and bottom performers.

Performance Improvement Plan

A formal document created to outline an employee's performance deficiencies and set goals for improvement.

HR Department

The division within an organization that is focused on activities relating to employees, including hiring, training, compensation, and compliance with labor laws.