A process improvement approach that is used to find and eliminate errors and defects, reduce cycle times, reduce cost, improve productivity, and meet customer expectations best defines

Pay for performance means employees must

a. share only in the rewards of a company. b. share in the risks as well as the rewards of their employer's business. c. share in the risks at the expense of the rewards of their employer's business. d. share all aspects of a company's business. e. share very little yet gain from any success the company might achieve.

Which of the following is true?

A) The two-bin system is an example of the order point system. B) Order quantities are fixed in the periodic review system. C) The safety stock does not depend upon the frequency of reorder. D) All of the above are true. E) None of the above is true.