Which of the following is an example of a lean production initiative?
a. Rearranging factory floor layouts
b. Using statistical quality control charts
c. Developing long-term relationships with excellent suppliers
d. Reducing delivery problems
a. Rearranging factory floor layouts
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The main advisors of the Chairman of the Federal Reserve Board of Governors are
A. private economists hired as consultants. B. the Council of Economic Advisors. C. the U.S. Treasury Department. D. the directors of the three staff divisions of the Board.
Using a go-to-market approach identical to a market leader provides an advantage in the
market. Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. Performance philosophies of compensation don’t tend to work well in competitive industries. 2. Competency-based or skill-based pay will hinge partly on what skills employees bring to work and whether or not those skills are needed. 3. Competencies and skills are the same thing. 4. Efficiency wage theory says that if a company pays higher wages, it can generally hire better people who will in turn be more productive. 5. Pay secrecy clauses are becoming more dangerous to companies who choose to enforce them.
For the following situation, state whether it represents a strength or weakness in internal control and give the reason for your answer
Second National Bank requires mandatory vacations and job rotation. What will be an ideal response