Lean is a new way to envision the work. Projects using lean methodology emphasize only new skills to improve and do not encourage the use of old skills in new ways.
Answer the following statement true (T) or false (F)
False
Lean thinking is a way to do more with less effort, time, equipment, and space but still provide customers with what they need and want. Part of lean thinking includes training workers in new skills or how to apply old skills in new ways so they can quickly take over new responsibilities or use new skills to help fill customer orders.
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When net income is low relative to operating cash flows, we describe the firm as having recorded
a. income-decreasing accruals. b. income-increasing accruals. c. income neutral accruals. d. abnormal accruals.
Assessments can be used to identify communication styles that inhibit a team's productivity.
Answer the following statement true (T) or false (F)
The stakeholders determine the decision-making process.
a. True b. False
Sean of Sean's Shrimp House was enjoying a cup of cappuccino while visiting with Ollie at Ollie's Ocean Front Bar & Grill. During the course of their conversation, Sean agreed to supply 100 pounds of shrimp per month for the next year to Ollie's
restaurant at the price of $2.50 per pound. When Sean got back to his office, he sent a written confirmation of the agreement to Ollie. Six weeks after receiving the confirmation Ollie wrote back, stating that he had not agreed to the price of $2.50 per pound. Is Ollie bound to the confirmation?