Examlex

Solved

Continuous Auditing of Suppliers Assures the Commitment to Continuous Improvement

question 142

True/False

Continuous auditing of suppliers assures the commitment to continuous improvement by ISO 9000 certified companies.


Definitions:

Differential Piece Rate

A compensation system where an employee’s pay is based on the quantity of units produced, with different rates applied depending on the worker's productivity levels.

Standard Hour Plan

A compensation system where employees are paid a set rate for each unit of work completed within a standard timeframe.

Straight Piecework Plan

A pay system where employees are compensated based on the number of units they produce or tasks they complete, directly linking pay to output.

Performance-Vested

Incentive plans where rewards, often in the form of stock options or bonuses, are given to employees based on achieving predefined performance targets.

Related Questions