A method in which production of an item begins in advance of customer needs is called:
A) the andon method.
B) the pull method.
C) the jidoka method.
D) the push method.
D
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What is psychological pricing? What are the four methods identified in the text? Explain.
What will be an ideal response?
Which of the following statements is true about the forms of pay?
A. Relational returns are more transactional than total compensation. B. Unlike relational returns, total compensation typically refers to the psychological returns people believe they receive in the workplace. C. Base pay, incentives, and cost-of-living adjustments are the typical relational returns. D. Base pay tends to reflect the value of the work or skills and generally ignores differences attributable to individual employees. E. Merit increases refer to the same percentage increase that everyone receives regardless of performance in order to maintain pay levels relative to increases in the cost of living.
Firms should try to show the value of unsought products through promotion because people do not want them or know that they are available.
Answer the following statement true (T) or false (F)
If an issuer sells bonds at a premium:
A. The carrying value decreases from the par value to the issue price over the bond's term. B. The carrying value increases from the issue price to the par value over the bond's term. C. The carrying value of the bond stays constant over time. D. The carrying value increases from the par value to the issue price over the bond's term. E. The carrying value decreases from the issue price to the par value over the bond's term.