Describe the common challenges in the training and development process.
What will be an ideal response?
Common challenges to the training process include unprepared workers, difficulty in identifying the ROI provided from training, employee resistance to changes in processes and procedures, matching the training to the company’s strategic goals, and logistics issues—including scheduling and locations available for training courses.
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The lower the inventory turnover ratio, the less time inventory resides in storage
a. True b. False Indicate whether the statement is true or false
Journalize the following transactions for a merchandiser that uses the gross method for recording sales and a perpetual inventory system.
On January 8, inventory was sold for $7,000 on account. Credit terms were 2/15, n/30 (cost $5,500). On January 31, cash was received in full settlement of the January 8 sale. Omit explanations. What will be an ideal response?
In a ______ organizational structure, such as McDonald’s or Burger King, senior management makes all the major decisions.
What will be an ideal response?
Regarding political forces and their impact on standardization of global operations, which of the following is not true, according to the text?
A. Officials in developing countries often feel that low-productivity technology will keep the country dependent on the industrialized countries. B. Some developing countries, fearing dependence on industrialized nations, have laws prohibiting the importation of new machinery. C. Officials in developing countries often believe that only a factory with advanced technology can compete in world markets. D. Although the country desperately needs new job creation, which favors labor-intensive processes, government officials in developing countries often insist that the most modern equipment be installed.