When a bottleneck is improved by adding another processing station in line with the original station, it is an example of
A) Cycle time
B) Reengineering
C) Parallel processing
D) Series processing
E) Flowcharting
C
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The inventory method which results in the prices paid for earliest purchases assigned to cost of goods sold is:
a. First-in, first-out. b. Last-in, first-out. c. Last-in, last-out. d. Moving average.
A specialized piece of equipment closely associated with a mine is most likely to be depreciated over a shorter than normal useful life because the
A) equipment will be fully utilized. B) income tax laws require that a shorter life be used. C) equipment contains certain defects. D) mine is expected to be fully depleted in the shorter length of time.
How has technology made assessing job applicants easier for companies?
What will be an ideal response?
Porter has recommended three generic strategies: (a) Overall cost leadership, i.e., making units of a fairly standardized product and underpricing everybody else. (b) Differentiation, i.e., turning out something unique, an item whose quality, design, brand name, or reputation for service will command higher-than-average prices. (c) Focus, i.e., concentrating on a particular group of customers, geographic market, channel of distribution, or distinct segment of the product line.
What will be an ideal response?