What is the primary concept of total productive maintenance (TPM)? Identify the four elements that productive maintenance includes
What will be an ideal response?
TPM's primary concept is reducing variability through autonomous maintenance and excellent maintenance practices. Four other ingredients of TPM are:
1. Designing machines that are reliable, easy to operate, and easy to maintain
2. Emphasizing total cost of ownership when purchasing machines, so that service and maintenance are included in the cost
3. Developing preventive maintenance plans that utilize the best practices of operators, maintenance departments, and depot service
4. Training for autonomous maintenance so operators maintain their own machines and partner with maintenance personnel
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In the Internet Age, retailers like Amazon and Apple are not constrained by physical shelf space and can offer consumers a much wider variety of products; yet small sales, one or two rather than millions of items at a time, can produce big profits. This development is an example of
A. the marketplace becoming more segmented and moving toward more niche products. B. declining population in developed countries. C. China becoming the second-largest economic power. D. the rise of business-to-business technology. E. instant-gratification shopping.
What is the best way for a manager to overcome a “nothing will get done” attitude among employers?
a. Offer examples of how other companies deal with ethical issues. b. Promise employees that action will be taken. c. Be proactive to engage and act on concerns when raised. d. Hold annual workshops to discuss ethics.
In accounting for sales on consignment, sales revenue and the related cost of goods sold should be recognized by the
a. consignor when the goods are shipped to the consignee. b. consignee when the goods are shipped to the third party. c. consignor when notification is received the consignee has sold the goods. d. consignee when cash is received from the customer.
The International Monetary Fund is an autonomous agency that is a part of the United Nations (UN)
Indicate whether the statement is true or false