In Fayol's 14 Principles of Management, _______________ Refers to the Fact

question 91

Multiple Choice

In Fayol's 14 Principles of Management, _______________ refers to the fact that employees who are allowed to originate and carry out plans will exert high levels of effort.

• A) esprit de corps
• B) unity of direction
• C) division of work
• D) initiative
• E) scalar chain

Recognize strategies for managing demand variability and improving supply chain flexibility.

Understand the supply chain decision-making framework and its impact on supply chain performance.

Calculate and interpret basic mathematical operations relevant to financial and operational aspects of supply chain management.

Describe the role and importance of supply chain drivers in enhancing supply chain performance.

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Definitions:

Opportunity Cost

The loss of potential gain from other alternatives when one alternative is chosen.

Corporate Blog

A formally maintained web blog by a company to share insights, announce product launches, and engage with its audience in a more conversational tone.

Crisis Situations

Emergency or critical circumstances that require immediate attention, often posing significant threat or risk to people, property, or stability.

Sales Trends

Patterns or changes in the volume of sales over time, which can provide insights into market behavior and consumer preferences.