Which of the following is an advantage of lean production and just-in-time (JIT) manufacturing systems?
A) Deliver the product to the customer on time, even if the workers go on a strike.
B) Improved product quality and reduced processing time.
C) Reduced reliance on highly skilled employees
D) Increased reliance on more suppliers.
B
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What is the difference between conceptual skills and business skills?
What will be an ideal response?
Tyra has done volunteer fundraising for years. She has recently decided it would be a good career move for her to become a full-time, paid fundraiser. She likes the idea of working with a variety of different organizations and then moving on to some new problem to tackle. She is trying to keep her operation simple. From what Tyra has told you so far, you understand that she plans on using cost-plus pricing. What problems do you foresee if she uses this pricing technique? What type of a pricing strategy might be more appropriate and simpler?
What will be an ideal response?
Red Company had an involuntary conversion on December 23, 2017 . The machinery had been acquired on April 1, 2015, for $49,000 and its adjusted basis was $14,200 . The machinery was completely destroyed by fire and Red received $10,000 of insurance proceeds for the machine and did not replace it. This was Red's only casualty or theft event for the year. As a result of this event, Red initially
has: a. $10,000 § 1231 loss. b. $10,000 § 1245 recapture gain. c. $4,200 casualty loss. d. $4,200 § 1231 loss. e. None of the above.
Raters in successful 360-degree feedback systems receive ___________ and __________
A. compensation; training B. training; room to include comments C. room to include comments; interpretation of results D. none of the above