Lean concepts were used ______.
A. in 1776 by Adam Smith
B. in the early 1900s by Henry Ford
C. during the Industrial Revolution
D. to help win World War II
B. in the early 1900s by Henry Ford
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Which of the following is a disadvantage of a cost leadership strategy?
A. Producers are more able to withstand increases in suppliers' cost. B. Cost differences increase as the market matures. C. It attempts to stay ahead of the competition may lead to gold plating. D. The strategy is too easily imitated.
The mission statement of General Electric is to be either #1 or #2 in each industry in which it does business. This mission statement represents a(n) ______ theme.
a. innovation b. product c. excellence d. social purpose
The following unit data were assembled for the assembly process of the Super Co for the month of June. Direct materials are added at the beginning of the process. Conversion costs are added uniformly over the production process. The company uses the FIFO process. Units Beginning work in process 5,000 (60% complete) Units started in September 51,000 Ending work in process 4,000 (30% complete) The
number of equivalent units produced with respect to conversion costs is: A) 54,200 B) 55,200 C) 54,200 D) 50,200
These are all examples of which complicating factor of communication?
“Giving (someone) his or her marching orders” instead of firing the person. “Under the table” to describe an illegal or concealed transaction. “Pushing the envelope” which means to go beyond the limits of performance. a. Idiom b. Slang c. Proverb d. Euphemism