Answer the following statement(s) true (T) or false (F)
1. Longer lead times is a reason why global sourcing makes it considerably more difficult to implement lean.
2. Ensuring all patients are treated in an identical manner is a goal of lean health care.
3. Any activity that impacts demand elasticity represents muda.
4. Workflow is the sequence of connected steps or operations necessary to complete a task.
5. Push systems are systems in which services or products are produced based on forecasts.
1. False
2. False
3. False
4. True
5. True
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Credit card sales amount to $5,000, plus $250 sales tax. The credit card fee is 3%. What amount would be debited to the cash account?
a. $150; b. $4,850; c. $5,000; d. $5,092.50; e. none of these.
Your uncle just won the weekly lottery, receiving $375,000, which he invested at a 7.5% annual rate. He now has decided to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. What is the maximum number of whole payments that can be withdrawn before the account is exhausted, i.e., before the account balance would become negative? (Hint: Round down to the nearest whole number.)
A. 22 B. 23 C. 24 D. 25 E. 26
Forcefield analysis is an organizational development intervention ______.
a. technique that brings together participants from all parts of the organization to problem solve or take advantage of opportunities b. that diagrams the current level of performance, the forces hindering change, and the forces driving toward change c. that uses a questionnaire to gather data to use as the basis for change d. in which the change agent makes a direct recommendation for change
Answer the following statements true (T) or false (F)
1. Canada and the United States are considered low-context cultures, according to Hofstede. 2. According to Hofstede, punctuality is less important in polychronic cultures than in monochronic cultures, and being late is a sign of status. 3. An advantage of learning the language when you are an international traveler is the avoidance of interpretational disasters. 4. A very firm handshake is the universal business greeting.