The cost of testing incoming materials received from suppliers would be classified as a(n):
A. appraisal cost.
B. external failure cost.
C. prevention cost.
D. internal failure cost.
Answer: A
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For assessment to work efficiently, an employee must be
A. present on the day the assessment occurs so that results of the feedback will be accurate. B. employed at the organization for at least a year. C. informed that an appraisal can take place at any time during the year. D. evaluated discreetly so the employee does not pretend to be a model employee. E. provided suggestions to improve his or her weak skills.
Chronologically, the first part of the master budget to be prepared would be the
a. sales budget. b. production budget. c. cash budget. d. pro forma financial statements.
The arrangements between buyer and seller as to when payments for merchandise are to be made are called
A) credit terms B) net cash C) cash on demand D) gross cash
Which of the following statements is true of sociotechnical systems (STS)?
A. STS emphasizes teamwork and self-managed and autonomous work groups. B. STS is completely different from lean production methods. C. STS discourages the inclusion of human values in the work process. D. STS is based on Taylor's scientific management approach to job design.