The management of Prime Manufacturing is implementing a plan to minimize production mistakes by allowing teams that work in each area of the production facility to develop a plan and then monitor their area to ensure the reduction of errors. The managers are engaging in

A. efficiency monitoring.
B. quality control.
C. innovative planning.
D. the minimal defect approach.
E. JIT.


B. quality control.

Quality control is defined as the strategy for minimizing errors by managing each stage of production.

Business

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Define hourly wage, piecework rate, and salary.

What will be an ideal response?

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In distributive bargaining, when one person gains, the other person loses. This is also known as a ________ condition.

A. negotiated B. zero-sum C. substitute D. win-win E. competing

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An agency relationship normally involves the use of an agent to represent a principal in dealing with which of the following:

a. shareholders b. representatives c. third parties d. attorneys e. ratifications

Business

A sustainable competitive advantage is

A. rarely appreciated by the firm's owners. B. of little consequence to profitability. C. an idealized position that is unachievable in reality. D. a value-creating industry position that is likely to endure over time.

Business