Companies employing the Lean philosophy use only Kanban as a production control method
Indicate whether the statement is true or false.
Answer: FALSE
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When using the HURIER model, what does the understanding step ask you to do?
a. concentrating on and attending to the message b. recalling the message so it can be acted on c. logically assessing the value of the message d. attaching meaning to the verbal communication
Which of the following GLOBE cultural dimensions is related to the questionnaire item--“Followers are (should be) expected to obey their leaders without question”?
A. power distance B. uncertainty avoidance C. humane orientation D. institutional collectivism
Jurisdiction-specific corporate laws limit directors' freedom to declare dividends. Which of the following is/are not true?
a. The board may declare dividends "out of capital," that is, debited against the contributed capital accounts, which result from fund-raising transactions with owners. b. The board may declare dividends "out of earnings" by debiting them against the Retained Earnings account, which results from earnings transactions. c. "Capital" may mean the par or stated value of outstanding common shares or the total amount paid in by shareholders. d. Some jurisdictions allow corporations to declare dividends out of the earnings of the current period even if the Retained Earnings account has a debit (negative) balance because of accumulated losses from previous period e. none of the above
Mark's Ceramics spent $4000 on a new kiln last year in the belief that it would cut annual energy usage 25% over the old kiln. This kiln is an oven that turns "greenware" into finished pottery
Mark is concerned that the new kiln requires extra labor hours for its operation. Mark wants to check the energy savings of the new oven, and also to look over other measures of their productivity to see if the change really was beneficial. Mark has the following data to work with: Last Year This Year Production (finished units) 4000 4000 Greenware (pounds) 5000 5000 Labor (hrs) 350 375 Capital ($) 15000 19000 Energy (kWh) 3000 2600 Were the modifications beneficial?