Perfect quality, elimination of waste, value-added manufacturing, and employee involvement are all components of
A. supply chain management.
B. lean manufacturing.
C. just-in-time operations.
D. customer relationship management.
E. total quality management.
Answer: C
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Answer the following statements true (T) or false (F)
Economic profit is sometimes referred to as abnormal earnings.
Ron uses his status message on his Facebook account to invite his friends to buy his desktop computer. His friend Carl is interested and calls Ron to express his interest. Ron tells him that he is selling the computer for $400
Carl offers to pay $350 and Ron accepts the offer. They decide to complete the sale after three days. The next day, Ron puts up another update on his Facebook account stating he has decided not to sell his computer. Which of the following describes Ron's action of deciding not to sell his computer? A) revocation B) rejection C) counteroffer D) unequivocal acceptance
A single failure by a franchisee to meet a quality-control standard is sufficient cause for termination
Indicate whether the statement is true or false
In work motivation, factors internally controlled, such as responsibility, achievement, and the work itself, are referred to as ________.
A. job-content factors B. job-inducement factors C. job-process factors D. job-context factors