Which budgets must managers prepare before they can prepare a direct materials purchases budget?
a. Labor budget
b. Overhead budget
c. Production budget
d. Cost of goods manufactured budget
C
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If Nestlé decides not to market biscuits (cookies) in the United States due to competitive reasons, it is considered to be having a lack of strategic focus and missed opportunity
Indicate whether the statement is true or false
Incomplete specialization may be caused by
a. increasing opportunity cost. b. unrestricted trade. c. constant opportunity cost. d. decreasing opportunity cost.
Many of the fast food operations are entering markets in Middle Eastern countries. In the United States, breakfast items are very popular and are responsible for a majority of the profit from sales, primarily from drive-in customers
However, to their dismay, managers found that there was practically no demand for breakfast items. Firstly, due to hot weather conditions, people sleep late and wake up late. Secondly, they do not eat burgers, and sausage or bacon is prohibited. Also, drive-in business is not popular since people go to work at different periods of time. Explain the reasons why these facts were not discovered by marketing research.
Which one of the following is NOT one of the approaches with regard to quality improvement?
a. lean manufacturing b. agile manufacturing c. total rework d. Six Sigma