Mushka Is the Owner of a Convenience Store

question 18

Multiple Choice

Mushka is the owner of a convenience store.As he begins to implement a new reward system to improve employee motivation,he realized that although employee turnover is high,there is a consensus on work goals and managers can measure performance objectively.Mushka should recommend what type of reward system?

• A) flexible benefit plan
• B) profit-sharing program
• C) skill-based pay
• D) all of these are good choices for the business

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Definitions:

Inventory Levels

The quantity of stock on hand at any given time, which companies manage to meet customer demand without incurring unnecessary costs or losses.

Carrying Cost

The total cost of holding inventory, including warehousing, spoilage, depreciation, and opportunity costs.

Economic Order Quantity

A calculation to determine the most cost-effective quantity of inventory to order, balancing ordering costs with holding costs.

Unit Variable

Costs that vary directly with the level of production or sales volume, such as materials and labor.