Which of the following is NOT consistent with lean practices?
a. reduced waiting
b. reducing transportation
c. minimizing overproduction
d. excess motion
d. excess motion
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Demographic characteristics, geographic characteristics, economic factors, sociocultural factors, and political and legal factors all help a company ________
A) determine a market's potential B) determine a country's degree of globalization C) evaluate its marketing objectives D) evaluate its value delivery network E) determine a country's income distribution
Which of the following would most likely be a product-level cost?
A) Salaries related to purchasing and receiving B) Quality control costs C) Energy costs for factory machinery D) Research and development costs for a new product line
Return on investment (ROI) is calculated by:
A) multiplying the margin by the turnover. B) dividing the margin by the turnover. C) dividing the turnover by the margin. D) adding the margin and the turnover.
While the purpose of job evaluation is to determine the relative worth of jobs in an organization, the salary administration program is responsible for determining an equitable monetary compensation for such jobs
Indicate whether the statement is true or false.