Match each of the following terms to the appropriate definitions.________ (1) Prime costs________ (2) Continuous improvement________ (3) Raw materials inventory________ (4) Corporate social responsibility________ (5) Just-in-time manufacturing________ (6) Work in Process inventory________ (7) Lean business model________ (8) Customer orientation________ (9) Managerial accounting________(10) Raw materials inventory turnover(a) An idea that rejects the notions of "good enough" or "acceptable" and challengesemployees and managers to continually experiment with new and improved businesspractices.(b) Materials a company acquires to use in making products.(c) Reveals how many times a company uses its raw materials inventory in production during a period.(d) A system that acquires
inventory and produces only when needed.(e) A concept that considers the demands of diverse stakeholders, including employees, suppliers, and society.(f) Costs directly associated with the manufacture of finished goods; includes direct materials and direct labor.(g) The idea that managers and employees understand the changing needs and wants of theircustomers and align their management and operating practices accordingly.(h) Products in the process of being manufactured but not yet complete.(i) A model whose goal is to eliminate waste while satisfying the customer and providing apositive return to the company.(j) An activity that provides financial and nonfinancial information to an organization'smanagers and other internal decision makers.
What will be an ideal response?
1. F; 2. A; 3. B; 4. E; 5. D; 6. H; 7. I; 8. G; 9. J; 10. C
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Which of the informal elements of ethics focuses on narratives of the organization to provide meaning, values, and desired behavior?
A. language B. stories C. norms D. rituals
The value assessment method _______ is a qualitative approach to gaining a better understanding of the perceptions and reactions of participants. In doing so, the research analyst also generates estimates of value
The participants typically are knowledgeable individuals within customer firms that are targets for the studied market offering, although a supplier firm also may be interested in the reactions of industry consultants or pundits. a. internal engineering assessment b. field value-in-use assessment c. indirect survey questions d. focus group value assessment
Which sentence is expressed correctly?
A) Some of the most popular tourist attractions in the United States are Walt Disney World, Florida; Mall of America, Minnesota; and Times Square, New York. B) Some of the most popular tourist attractions in the United States are Walt Disney World, Florida, Mall of America, Minnesota, and Times Square, New York. C) Some of the most popular tourist attractions in the United States are Walt Disney World; Florida, Mall of America; Minnesota, and Times Square; New York.
The use of a set of graphical tools that provides users with multidimensional views of their data is called:
A) on-line geometrical processing (OGP). B) drill-down analysis. C) on-line analytical processing (OLAP). D) on-line datacube processing (ODP).