Which of the following is the Japanese term used to describe continuous improvement efforts?
A. poka-yoke
B. kanban
C. kaizen
D. six sigma
Ans: C. kaizen
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The share development index (SDI) is the ratio of share potential to actual sales
Indicate whether the statement is true or false
In which of the following situations would a firm most likely pursue a low-cost leader strategy?
A) There are no competitors in the market and the firm is the market leader. B) The nature of its products does not allow the firm to maintain a volume advantage in the market. C) The company's product is a niche product and appeals to only a few customers. D) The market is quality-sensitive rather than price-sensitive. E) The firm can minimize its operational expenses in order to sell higher volumes of products.
Brawn Co has a $20,000, two-year note payable to Gassaway City Bank that matures June 30, 2014 . Brawn's management intends to refinance the note for an additional three years and is negotiating a financing agreement with Gassaway City. In order to exclude this note from current liabilities on its December 31 . 2013 . balance sheet, Brawn Co must
a. pay off the note and complete the refinancing before the 2013 financial statements are issued. b. complete the refinancing before the note's maturity date. c. complete the refinancing before the balance sheet date. d. demonstrate an ability to refinance the obligation before the 2013 financial statements are issued.
Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $250,000, $320,000, and $410,000, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 30% in the month following the sale. The
cash collections in October are: A) $320,000 B) $243,000 C) $303,200 D) $380,000