Discuss the benefits for a company of not downsizing, as in the case of Aaron Feuerstein and Malden Mills
The benefits are that the employees' morale increases because of the positive manner in which they are treated. Also, the company avoids the costs of having to retool and retrain once it does return to normal size or even requires a period of time for growth. Companies that perceive their employees to be assets also seem to reap greater productivity rewards and fewer employee disagreements and union disputes. In short, there may be long-term benefits to be gained from not downsizing and providing for employees. There are also alternatives such as employees agreeing to reduced salaries or fewer work days so that all of them can survive the crunch or crisis.
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Commitment in the situational leadership approach can be defined as ______.
A. having motivation and confidence in doing the work B. being dedicated and a hard worker C. possessing the skills necessary to complete the task D. mastering the skills necessary to complete the task
Identify the false statement regarding how product costs in a manufacturing company differ from product costs in a service or merchandising company.
A. Products of service companies such as restaurants are consumed immediately. B. Most labor costs for merchandising companies are treated as product costs. C. Manufacturing companies accumulate product costs in inventory accounts, while service companies do not. D. Both manufacturing companies and service companies incur costs for supplies.
Rogers Manufacturing's overhead at year-end was underapplied by $5,800, a small amount given the firm's size. The year-end journal entry to record this amount would include:
A. a debit to Manufacturing Overhead. B. a credit to Cost of Goods Sold. C. a debit to Work-in-Process Inventory. D. a credit to Work-in-Process Inventory. E. a debit to Cost of Goods Sold.
An efficient solution to many supply chain problems is to change the supply chain structure from a hub to a linear structure
Indicate whether the statement is true or false