The Toyota Production System requires that activities have built-in, automatic tests to signal problems

Indicate whether the statement is true or false


TRUE

Business

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Westport Company reports the following in millions: net sales of $25,300 for Year 2 and $22,640 for Year 1; end-of-year total assets of $14,875 for Year 2 and $13,680 for Year 1. Compute its total asset turnover for Year 2 and assess its level if competitors average a total asset turnover of 2.0 times.

What will be an ideal response?

Business

The following information relates to Webster, Inc

Advertising Costs $10,600 Administrative Salaries 17,600 Delivery Vehicle Depreciation 1,300 Factory Repair and Maintenance 200 Indirect Labor 10,500 Indirect Materials 10,000 Manufacturing Equipment Depreciation 1,000 Office Rent 51,000 President's Salary 2,500 Sales Revenue 530,000 Sales Salary 4,700 How much were Webster's period costs? A) $87,700 B) $21,700 C) $534,700 D) $7,200

Business

Scienterclearly exists if a party knows a fact is not as stated

Indicate whether the statement is true or false

Business

High pressure for local adaptation combined with low pressure for lower costs would suggest what type of international strategy?

A. transnational strategy B. multidomestic strategy C. overall cost leadership strategy D. global strategy

Business