In Compensation,the Model That Includes Everything Employees Value in an Employment

question 44

Short Answer

In compensation,the model that includes everything employees value in an employment relationship is called ____________________ model.

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Definitions:

Quality Cost Report

A quality cost report compiles all expenses related to ensuring products or services meet quality standards, including prevention, appraisal, and failure costs.

External Failure

The costs incurred when a product fails to meet quality standards after it has been delivered to the customer, including returns, repairs, and lost sales.

Internal Failure

Costs or losses that occur before a product is delivered to the customer, caused by defects or inefficiencies within the production process.

Prevention

Actions or activities aimed at stopping something undesirable from happening, such as errors or defects in manufacturing.