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Explain Participation of workers in management.
Workers' Participation in Management: Participation of workers in management can be in any shape, from establishing work-committee to auto-management through the employees. The intention of management is to get work by others. Workers, when they are permitted to participate and include themselves in several of the decisions relating to work situation perhaps more efficiently the company objectives can be achieved.
Respondeat superior is the theoretical basis for holding companies criminally liable for actions of their employees. Companies oftentimes have little defense against prosecution. C
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Explain acronym LTPD. Ans: The acronym LTPD is Lot Tolerance Percent Defective.
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The Central Valve Company sells industrial valves and fluid control devices. One of Central's most popular valves, the Western, has an annual demand of 6,000 units. The price of ea
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