The use of stock cards for goods displayed on pegboards illustrates a _____ system
a. perpetual inventory
b. point-of-sale
c. visual inspection
d. stock-counting
c
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Catalogs offer the advantages of being long lasting, low-pressure, and can be viewed at a person's leisure
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Managers of virtual workers should arrange for them to meet regularly. 2. Over 20 years ago, Peter Drucker predicted that the future organization would be organized around teamwork, but that has yet to occur. 3. Among the benefits of teamwork is the reduction of destructive internal competition. 4. While quality is usually improved by using teamwork in an organization, productivity typically suffers because teamwork is time consuming.
The accounting equation can be expressed as Assets - Liabilities = Owner's Equity
Indicate whether the statement is true or false
Waddock and Bodwell developed the Total Responsibility Management concept based on Deming’s TQM. Which of the following is not one of the elements?
a. Inspiration process b. Integration process c. Involvement process d. Innovation and improvement process