For an MBO (management by objectives) system to work, one of the four criteria that the unit's objectives must meet is that objectives must be stated quantitatively whenever possible
Indicate whether the statement is true or false
Answer: True.
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With reference to the classification system for global organizational culture as developed by Hofstede, whether a country has inclination toward consumption or is interested in preserving status-based relationships and deferred gratification is
indicated by which dimension? A) uncertainty avoidance B) power distance C) individualism vs. collectivism D) long-term orientation
Answer the following statement(s) true (T) or false (F)
1. A performance evaluation criterion for priority rules is the average job setup time. 2. Customer delivery time is a part of the average job flow time. 3. An ideal situation to implement Johnson’s rule is when there are overriding individual job priorities. 4. One of the steps that managers take to mitigate scheduling problems is that scheduling should be focused on customer orders and delivery by due dates. 5. The bottleneck resources should be used to support the nonproductive resources.
A buyer or lessee of goods who rightfully rejects goods is under a duty to mitigate damages and,
thus, must follow any reasonable instructions received from the seller of lessor with respect to the rejected goods. Indicate whether the statement is true or false
The standard cost of direct labor per unit is calculated by:
a) multiplying the standard quantity of direct labor by the standard price of direct labor. b) dividing the standard quantity of direct labor by the standard price of direct labor. c) adding the standard quantity of direct labor to the standard price of direct labor. d) multiplying the actual quantity of direct labor by the standard price of direct labor.