Compare and contrast 2 organization-wide quality initiatives such as Lean Manufacturing, Benchmarking, ISO9000, Six Sigma, TQM, and Baldrige.
What will be an ideal response?
Students should address such issues as whether it is a certification or an award, who is involved, and what the criteria are, if any. They may touch upon the simplicity or complexity of the process and who originated the concept.
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Cost of goods sold represents
a. Expired costs during a period and is reported on the income statement. b. Expired costs and is reported on the balance sheet as an expense. c. Unexpired costs and is reported on the balance sheet as an asset. d. The cost of goods that will be purchased during the next operating cycle and is reported on the balance sheet as an asset.
If any portion of a long-term debt is to be paid in the next year, the entire debt should be classified as a current liability
Indicate whether the statement is true or false
Discuss with a partner the best way to lead a global firm. Which method is better – formalized or cultural leadership? Why?
What will be an ideal response?
A new machine tool is expected to generate receipts as follows: $5,000 in year one; $3,000 in year two, nothing in the next year, and $2,000 in the fourth year
At an interest rate of 6%, what is the net present value of these receipts? Is this a better net present value than $2,500 each year over four years? Explain.