Which of the Following Would Managers Use to Monitor and Maintain

question 41

Multiple Choice

Which of the following would managers use to monitor and maintain external equity?

• A) Salary surveys
• B) Pay equity legislation
• C) Human rights act
• D) Performance appraisals
• E) Employee grievances

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Definitions:

Stockout

A situation in which a company does not have enough inventory available to fill an order.

Inventory Available

Refers to the products or goods a company has in stock and is ready to sell or distribute to customers.

Obsolete Inventory

Stock that is no longer sellable due to being out of date, out of fashion, or superseded by newer products.

Materials Management

The process of planning, acquiring, moving, and controlling materials to efficiently produce goods or services.