Which of the Following Would Be a Factor to Consider

question 42

Multiple Choice

Which of the following would be a factor to consider when conducting an assessment of training needs at the occupational level?

• A) Retirement of employees of the baby boomer generation
• B) Performance issues seen in individual employees
• C) Availability of advanced labor-saving devices in the market
• D) Deficit between the current and the desired level of skills of employees
• E) Revision of the strategic plans of the company to match market trends

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Definitions:

Lead Times

The total time that elapses between the initiation of a process and its completion, often critical in manufacturing, supply chain management, and project planning.

Lot-For-Lot

Lot-for-lot ordering is an inventory management technique where the order quantity is set equal to the demand for the next period, optimizing inventory levels and reducing holding costs.

EOQ

Economic Order Quantity; a model used in inventory management to determine the optimal order size that minimizes total holding costs and ordering costs.

Setup Cost

The expenses incurred in preparing equipment or processes for a production run or the start of an operation.