Tesco was forced to restate its earnings for the first half of 2014 to 431 million USD because senior managers in the U.K. food business had booked income early and delayed the booking of costs in order to improve appearances of financial performance. This scandal results from ________ and ________.
A. leadership; financial systems
B. poor governance; control
C. external environmental factors; internal environmental factors
D. poor environment; management systems
Answer: B
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A computer manufacturer is seeking to cut costs by designing an inventory system that reduces the number of finished products in stock due to overproduction and to set in place a production schedule that better matches customers' orders. These plans are an example of ____ in action.
A. operations management B. scientific management C. production management D. inventory oversight E. inventory analysis
A string is composed of _____
a. a supermarket or a variety store and convenience-oriented stores b. at least one major department store and a broad group of specialty stores c. at least one junior department store, a variety store, and service shops d. stores with similar or compatible product lines
When firms successfully implement poor strategies (perhaps due to good luck) or do a poor job of implementing good strategies, it can be difficult to
A. develop segmentation strategies. B. generate cost-based performance ratios. C. choose a business mission. D. evaluate performance and make adjustments. E. increase product excellence without reducing customer excellence.