The model used in designing functional layouts where movement is minimized is called the
A) product-process matrix.
B) load-distance model.
C) center of gravity model.
D) line balancing method.
B) load-distance model.
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The incremental model of decision making suggests that managers make decisions by
A. using processes that have worked in past experience. B. experimenting with alternatives in a controlled setting, one by one. C. choosing something that is "good enough." D. taking small steps to alleviate a problem. E. involving several lower-level employees.
The retail inventory method is most likely to be used by a
a. clothing manufacturer; b. service company; c. wholesaler; d. department store; e. none of these.
Motorcycle Manufacturers, Inc. projected sales of 78,000 machines for the year. The estimated January 1 inventory is 6,500 units, and the desired December 31 inventory is 6,000 units. What is the budgeted production (in units) for the year?
a) 78,500 b) 70,000 c) 77,500 d) 70,500
A major advantage of a salary plus commission plan in comparison to a straight-commission plan to the employee is _____
a. higher possible overall compensation b. greater incentive to increase productivity c. greater flexibility in payment options d. greater stability of earnings