MATERIAL CONTROL is a management function whereby procurement, storage and issuance of the same for the purposes of manufacturing the products or consumption are conducted.
Under this function, policies that involve suppliers selection, ordered quantities, price fixation, and terms of delivery are formulated.
If the marginal product for that employee is greater than for the previous employee hired, it must be that there are gains from specialization
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What is marginal product ?</h3>
- The marginal product or marginal physical productivity of an input (factor of production) in economics, and particularly neoclassical economics, is the change in output that results from using one more unit of a specific input (for example, the change in output when a firm's labor is increased from five to six units), assuming that the quantities of other inputs are kept constant.
- The marginal product is the mathematical derivative of the production function with respect to that input if the output and the input are infinitely divisible, in which case the marginal "units" are infinitesimal.
- When more of one input, such as labor, is used while maintaining a constant level of the other input, such as capital, the marginal product initially rises according to the "rule" of declining marginal returns.
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Answer:
Hackers probably and even if only one person leaks something, it'll travel fast.
Explanation:
Answer:
To demonstrate the usage of company products and train employees.
Explanation:
The main purpose of the presentations that Keith is providing to the employees of the software company is to impart complete knowledge of the products to the employees. It is of utmost importance that each employee has complete understanding of the products and services provided by the company and know how to use them.
If any employee fails to understand the usage of the product, he will automatically fail to bring progress to the company as a whole.
