A product layoutis used by firms that need to produce small batches of goods that require a degree of customization.
Answer the following statement true (T) or false (F)
False
A process layout is used by firms that need to produce small batches of goods that require a degree of customization. Firms often use a product layout when they produce goods that are relatively standardized and produced in large volumes. See 17-2: What Do Operations Managers Do?
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Ladell is excited because a prospect has just signed a purchasing agreement for the biggest sale Ladell has made in his two-year sales career. Ladell is obviously happy as he sits across the desk from his newest customer. What should Ladell do now?
A. Discuss the buyer's expectations for the product. B. Discuss his company's payment expectations. C. Stop talking about the product ordered and leave his customer's office. D. Invite the prospect out for a meal. E. Discuss the buyer's expectations concerning a delivery schedule of the product.
In what respect did Jack Welch, the former CEO of General Electric, believe that future managers needed to be different from him?
a. They needed to have a graduate degree in international affairs. b. They need to come from a minority background in order to understand the ethnic diversity organizations are now faced with. *c. They needed to be sensitive to cultural differences and similarities among nations. d. They need to surround themselves with a more diverse leadership team.
On January 1, Year 1, Alabama Company purchased a machine for $26,000. The machine has an estimated useful life of 4 years and an estimated salvage value of $6,000. What is the book value of the machine reported on Alabama's balance sheet as of December 31, Year 1?
A. $15,000 B. $21,000 C. $26,000 D. $19,500
A(n) __________ is a delivery of possession of personal property to an agent for sale by the agent
a. sale on approval b. consignment c. sale or return d. None of these.