Which of the following is true of flexible factories?
A. They move parts down the line from one location in the production sequence to the next.
B. They generate high volumes of a standardized product.
C. They have long production runs.
D. They use centralized scheduling, in which decisions are made on the shop floor.
E. They are organized around products, in work cells or teams.
Answer: E
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Websites where customers come to engage with other customers, the sponsoring firm, and others in the ecosystem to share ideas and collaborate on topics of mutual interest are called ________.
A. e-commerce sites B. customer communities C. omnichannel retailing sites D. product communities E. tying contracts
Which of the following statements is true of decentralized decision making??
A) ?It primarily involves downward communication. B) ?It requires every decision to be made by the top management. C) ?It enables teams to communicate in a peer-to-peer fashion. D) ?It follows traditional lines of authority.
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $250,000. The company produced 25,000 units, and sold 20,000 units, leaving 5,000 units in inventory at year-end. Income calculated under variable costing is determined to be $315,000. How much income is reported under absorption costing?
A. $565,000 B. $365,000 C. $290,000 D. $315,000 E. $265,000
Order the following investments in terms of their historic returns from highest to lowest
A) stocks, bonds, Treasury bills B) Treasury bills, stocks, bonds C) bonds, stocks, Treasury bills D) bonds, Treasury bills, stocks