Which of the following examples demonstrates how successful organizations manage their primary activities?
A. JIT inventory systems are vital to Toyota committing to fulfill new car orders within five days.
B. Wal-Mart implemented a sophisticated information system that resulted in reduced inventory carrying costs and shortened customer response times.
C. National Steel improved its efficiency by reducing the number of job classifications.
D. Motorola has revised its compensation system to reward employees who learn a variety of skills.
Answer: A
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You are planning to buy a stock, the risk on which is dependent on two factors: (1) the change in the inflation rate over the last year and (2) the spread between ten-year Treasury bonds and three-month Treasury bills. Suppose the average risk-free interest rate is 3 percent. The beta coefficients of the stock associated with the change in inflation rate and the spread between ten-year Treasury bonds and three-month Treasury bills are -2 and 4 respectively. If you expect the inflation rate to rise 6 percentage point and you think the spread will be 8 percentage points. What is the expected return to this stock? Use the arbitrage-pricing theory.
A. 11 percent B. 12 percent C. 18 percent D. 23 percent
Advertising is the only way companies can tap social networks to their benefit
Indicate whether the statement is true or false
Items such as sheet metal, treated lumber, corn syrup, and plastics are examples of _____
a. raw materials b. processed materials c. installations d. MRO supplies
Illies Corporation's comparative balance sheet appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Current assets: Cash and cash equivalents$40,000 $33,000 Accounts receivable 19,000 21,000 Inventory 67,000 69,000 Total current assets 126,000 123,000 Property, plant, and equipment 358,000 339,000 Less accumulated depreciation 156,000 132,000 Net property, plant, and equipment 202,000 207,000 Total assets$328,000 $330,000 Liabilities and stockholders' equity: Current liabilities: Accounts payable$18,000 $19,000 Accrued liabilities 54,000 59,000 Income taxes payable 48,000 42,000 Total current liabilities 120,000 120,000 Bonds payable 82,000 86,000 Total
liabilities 202,000 206,000 Stockholders' equity: Common stock 23,000 22,000 Retained earnings 103,000 102,000 Total stockholders' equity 126,000 124,000 Total liabilities and stockholders' equity$328,000 $330,000 The company did not dispose of any property, plant, and equipment during the year. Its net income for the year was $5,000 and its cash dividends were $4,000. The company did not issue any bonds payable or purchase any of its own common stock during the year. Its net cash provided by (used in) operating activities and net cash provided by (used in) financing activities are: A. net cash provided by operating activities, $35,000; net cash used in financing activities, $(7,000) B. net cash provided by operating activities, $35,000; net cash used in financing activities, $(1,000) C. net cash provided by operating activities, $33,000; net cash used in financing activities, $(1,000) D. net cash provided by operating activities, $33,000; net cash used in financing activities, $(7,000)