Increasing materials turnover and reducing holding costs are key contributors to cost savings achieved by using a

A. self-managed team.
B. flexible manufacturing strategy.
C. just-in-time inventory strategy.
D. quantum innovation strategy.
E. fixed-position layout.


Answer: C

Business

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Research on quality circles suggest they:

a. Increase social relations b. Are not effective c. Are better than factory work teams d. Give too much power to teams

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A corporation cannot be held liable for the criminal acts of its employees.

Answer the following statement true (T) or false (F)

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Which of the following is a time-to-market performance measure used in judging product development performance?

A. Product reliability B. Value analysis C. Frequency of new-product introductions D. Yield E. Customer loyalty

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About 80 percent of federal receipts are accounted for by:

a. corporate profits taxes. b. sales taxes. c. excise taxes. d. payroll and personal income taxes.

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