The rapidly changing business environment caused by increased global competition, customer preference for custom-made rather than mass-produced products, and faster technological change is pressuring companies to make greater use of global product structures.
Answer the following statement true (T) or false (F)
False
The rapidly changing business environment caused by increased global competition, customer preference for custom-made rather than mass-produced products, and faster technological change is pressuring companies to make greater use of organizational forms that enable them to act more quickly, reduce costs, and improve the quality of product offerings. Three key trends that support alignment or fit are evident in organizational design: reengineering, virtual corporations, and horizontal corporations.
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Jannet Company, currently pays its employees at the end of a week. The weekly payroll totals $400,000
If it were to extend the pay period so as to pay its employees 1 week later throughout an entire year, the employees would in effect be lending the firm ________ for a year. A) $400,000 B) $20,800,000 C) $4,800,000 D) $675,000
Which of the following is NOT a market imperfection or genuine comparative advantage that attracts FDI to particular locations:
A) low cost and productive labor force. B) unique sources of raw materials. C) defensive investments. D) an expansive monetary policy.
Younan Corporation manufactures two products: Product E47F and Product D02M. The company is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products E47F and D02M.Activity Cost PoolActivity MeasureTotal CostTotal ActivityMachiningMachine-hours$165,00011,000MHsMachine setupsNumber of setups$150,000250setupsProduct designNumber of products$70,0002productsOrder sizeDirect labor-hours 310,00010,000DLHsActivity MeasureProduct E47FProduct D02MMachine-hours5,0006,000Number of setups20050Number of products11Direct labor-hours4,0006,000Using the ABC system, the percentage of the total overhead cost that is assigned to Product D02M is
closest to: A. 26.76% B. 50.00% C. 49.06% D. 22.30%
Sondra wants to open a dessert shop and plans to employ a staff of about 10 people, including wait staff and bakers. Sondra is planning to create a ________ organization.
A. narrow B. flat C. departmentalized D. centralized E. specialized