Combining parts or products with similar characteristics into families and setting machines aside for their production is known as:
A) the one-worker, multiple machines (OWMM) method of production.
B) the standardized component method of manufacturing.
C) group technology.
D) the flexible workforce approach to manufacturing.
C
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Why is it so important to understand perception when looking at behavior in business?
What will be an ideal response?
Happy Clicks, Inc. uses a predetermined overhead allocation rate of $5.50 per machine hour. Actual overhead costs incurred during the year are as follows:
What is the amount of manufacturing overhead cost allocated to Work-in-Process Inventory during the year?
A) $38,747
B) $8900
C) $29,847
D) $41,800
Which of the following does NOT characterize international trade in the past 30 years?
A) The number of multinational corporations has more than doubled. B) Half the largest economies in the world are corporations. C) Trade value of products and services grew even during the recession. D) U.S. companies have long been successful at international marketing. E) Home markets are just as rich in opportunity as foreign markets.
Which of the following is true of the per se rule in restraint of trade?
A) fails to permit any defenses and justifications to save the restraint of trade B) applies only to restraints that are found to be unreasonable with certain evidentiary standards being met C) applies to restraints that are based primarily on the firm's market share and power D) requires a balancing of the positive and negative effects of the challenged restraint