JIT system

1. How does the adoption of a JIT system impact the company/employee relationship?

2. How does the adoption of a JIT system impact the company/customer relationship?

3. How does a kanban system work?

4. Explain the differences among piece-rate, commission, hourly, and salary pay.

1. What is the difference between gross pay and net pay?

2. What is the difference between voluntary and involuntary withholdings?

3. Why do companies provide health and life insurance for employees?

4. Define the following terms: (a) bonus, (b) bonus rate, and (c) bonus base.

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