The Safety Committee, a temporary team at the Annapolis Tool & Die Corporation, was established to make the factory floor a safer place. Members of the committee still work in their departments full-time, but they meet twice a month for a few hours as a committee. The Safety Committee is an example of a ____ within an organization.
A. vertical design
B. modular design
C. multipurpose design
D. common purpose
E. horizontal design
E. horizontal design
In a horizontal design, teams or workgroups, either temporary or permanent, are used to improve collaboration and work on shared tasks by breaking down internal boundaries. Team members still have their full-time functional work responsibilities and often still formally report to their own managers above them in the functional-division hierarchy.
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A chair manufacturer makes custom chairs using hand tools, wood, glue, and varnish. Which of the following statements is true?
A. Wood would be accounted for as a direct cost, and glue and varnish as indirect costs. B. The concepts of direct and indirect costs are not applicable here. C. The costs of wood and glue would be treated as direct costs. D. Wood, glue, and varnish would all be direct materials.
Pricing that is established for transactions between members of the enterprise is called __________ pricing.
Fill in the blank(s) with the appropriate word(s).
Schein developed a set of enabling mechanisms to change culture. Which of the following is not a secondary articulation and reinforcement mechanism?
a. Design and structure of the organization b. The leader’s criteria for allocation of rewards c. Design of buildings, facades and physical spaces d. Formal statements developed to represent the firm’s philosophy.
Hedge funds have a minimum investment requirement of between $100,000 and $20 million, with the typical minimum investment being $1 million
Indicate whether the statement is true or false